In contrast, monetary policy is highly accommodative and supports economic activity in all advanced economies. The autumn was weak. The Danish economy virtually moved sideways, reflecting factors such as falling public consumption, and expectations were formed in the shadow of the European debt crisis. However, the situation now seems to be improving somewhat.
The program allows the Federal Reserve to compare the range of practices across firms and form a view on liquidity vulnerabilities and funding concentrations in the system as a whole. Unlike CCAR, which currently applies to all firms with $ billion or more in total assets, only firms within the LISCC portfolio are required to participate in CLAR.