In conjunction with other U.S. regulatory agencies, both domestically through the Financial Stability Oversight Council (FSOC) and internationally through the Financial Stability Board (FSB), we are monitoring developments, assessing unknowns, and working to develop a clearer picture. We are also using our supervisory tools to hold the banks we  -3supervise to strong risk-management standards.
And we are using our stress tests to ensure banks’ resilience even in severely adverse business conditions. The Rise of Business Leverage Let’s start with the basic facts. Many measures confirm that the business sector has significantly increased its borrowing as the economy has expanded over the past decade. Business debt relative to the size of the economy is at historic highs.