And the Term Asset-Backed Securities  BIS Review 92/2009  1  Loan Facility (TALF), which was implemented this year, has helped restart the securitization markets for various classes of consumer and small business credit.
Earlier this year, the Federal Reserve and other federal banking regulatory agencies undertook the Supervisory Capital Assessment Program (SCAP), popularly known as the stress test, to determine the capital needs of the largest financial institutions. The results of the SCAP were reported in May, and they appeared to increase investor confidence in the U.S. banking system.