In this respect, let me mention that in the EU context the review of the Capital Requirements Directive is expected to lead to enhancing the role of the consolidating supervisor and to provide the institutional underpinning for the operation of supervisory colleges under the auspices of the Committee of European Banking  BIS Review 128/2008  3  Supervisors (CEBS).
Based on these experiences, I should say that an approach enhancing the visibility of stress appears more appealing. “Macro stress-census”, an experiment conducted by the CGFS, might be one of the options for developing commonly recognised stress scenarios among market participants and central banks, although not a panacea.