In addition, the unemployment rate, which stood at 4.8 percent in January, is more than 5 percentage points lower than where it stood at its peak in 2010 and is now in line with the median of the Federal Open Market Committee (FOMC) participants’ estimates of its longer-run normal level.
Judging Engaging with and challenging firms to acquire information only gets you so far as a regulator. Having challenged firms and acquired the data – both quantitative and qualitative – the PRISM application provides the supervisor with a structured way to assess credit risk, market risk, operational risk, insurance risk, liquidity risk, capital risk, governance risk, business model risk, environmental risk and conduct risk.