In the SCAP, staff members covering a range of subject areas worked together to develop stress scenarios, analyze the likely effects of these scenarios on expected losses and earnings, ensure comparability across firms and supervisory agencies, and study the interactions of different types of risks facing the tested firms.
In the same spirit, in its evolving supervisory approach, the Federal Reserve is bringing together the skills of economists, financial market specialists, payment systems experts, and others, with those of bank examiners to get the widest possible perspective on financial developments.