6  See Bank for International Settlements (2012), Peer Review of Supervisory Authorities’ Implementation of Stress Testing Principles (PDF) (Basel: BIS, April), p. 8.
BIS central bankers’ speeches  3  in the supervisory stress test, including information about the types of models we use.7 We solicited comments on our design framework for scenarios in 2012, and incorporated into the final document some of the ideas we received – such as providing more information about the economic and financial conditions represented by paths of the variables in the scenarios.8 And this past spring, we published the additional set of stress test results that described how the firms would perform under the adverse scenario, in addition to the results of the severely adverse scenario, which we had previously released.9 Because bank portfolios are often quite opaque and thus difficult for outsiders to value, this information should allow investors, counterparties, analysts, and markets more generally to make more informed judgments on the condition of U.S. banking institutions.