That effort can reveal banks’ common exposures to individual borrowers and help assess the effect of a failure of a large financial institution on individual banks or the system more broadly. Last year’s stress assessment was a one-time event in the sense that circumstances may not again call for a simultaneous evaluation of institutions holding two-thirds of the banking system’s assets.
But we are incorporating elements of the assessment into our ongoing  BIS Review 62/2010  5  supervision of capital adequacy. We are developing and refining the tools necessary to better gauge appropriate capital buffers for our largest firms.