The newest acronym

From the growing list of government’s acronym comes the newest member.  Taken from the document released today by the Fed documenting the details of the ongoing stress test, here is:

SCAP or Supervisory Capital Assessment Program.

Or as we all know it, stress test. Sounds less stressful, doesn’t it?

More on the stress test, SCAP, I mean, later.

The white paper released earlier today:

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