For example, we were extensively involved in the Basel Committee's recent decisions to strengthen capital requirements for trading activities and securitizations, and we continue to work with domestic and foreign supervisors to raise capital requirements for other types of on- and off-balancesheet exposures.
2 By conducting the Supervisory Capital Assessment Program, popularly known as the stress test, U.S. supervisors took a significant step toward ensuring that our banks hold adequate levels of high-quality capital.