The most important measures decided upon in October 2008 were the use of fixed rate tender procedures with full allotment for both main and longer-term refinancing operations and the extension until end-2009 of the list of assets eligible for use as collateral in Eurosystem credit operations.
The second pillar, supervisory review, requires that banks enter into a dialogue with their supervisors on the methods and internal estimates, that they develop in order to determine how best to manage all their risks, including how much capital beyond the minimum requirement a firm should hold.