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Regulators plan to release a blizzard of information Friday about the results of the stress tests, but so far there has been a dearth of detail about what criteria will be used to judge banks' financial durability.
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"The biggest risk to financial stability, and therefore to the durability of the expansion – those risks centre in the housing market, and that's why we are focused on that," he said.
In July, Spaniards withdrew a record 75 billion euros, or $94 billion, from their banks — an amount equal to 7 percent of the country's overall economic output — as doubts grew about the durability of Spain's financial system.
Mr Carney said: "When we look at domestic risk, the biggest risk to financial stability and therefore to the durability of the expansion [of the economy]; those risks centre in the housing market".
–More generally, while the stimulus from domestic monetary and fiscal policy has still to work its way through the economy, the main risk to forecasts is the durability of recovery in global financial markets.
Few of them displayed much faith this week in the durability of the current bounce in financial markets.
I know even financial journalists struggle to fully get it because its durability is based on opaqueness and a lack of transparency.
But highly educated financial analysts have no idea of the complexity and durability of the arrangements necessary to bestow a cow for bride price and marriage in East Africa or assemble a dowry of ritual and luxury objects to confect a wedding union in rural Iran.
Its soft, succulent berries have too short a shelf life compared to ones engineered for durability over flavour, while its lower vigour and disease resistance make it slower to return financial investment.
Due to time and financial constraints the picture display had to be devised using office-based computer software and laminated for durability.
Given the financial crisis faced by the Global Fund and its policy direction to withdraw from middle-income countries, the durability of the Global Fund's positive effects in Brazil are in question.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com