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Excerpt from International Business Times -- "'It’s exactly the fact that these banks all collapse at the same time that led to the collapse in the economy,' Engle said. The stress tests grade banks individually, leading some to worry whether the Fed might be overlooking broader issues. The alternative test Engle and his colleagues have designed provides an example of what a more systemic approach might look like. Dubbed the V-Lab, the process uses publicly available metrics to gauge how individual banks, and their underlying equities, might react to overall shifts in the market."

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