If I can jump into this debate, I would say that the exercises that were done in the United States and in Europe had very different goals from the stress tests that we did here in Canada and that are a tool we very often use when overseeing financial institutions.
In the case of the United States and Europe, it is very well known that some financial institutions were undercapitalized and vulnerable; they had to be recapitalized. So the stress tests were done in order to identify the shortfall in capital. Some governments were prepared to cover that shortfall once the results of the stress tests were published.