The challenge with respect to these institutions was that while we did not want to impose inflexible, and possibly ineffective, practices across the wide range of  4  BIS Review 137/2009  compensation arrangements, we also did not want there to be insufficient attention paid to the very particulars that led us to adopt this approach in the first place.
Since last autumn the Bank has reduced the policy interest rate to 0.1 percent, and has taken various measures to ensure the stability of financial markets and facilitate corporate financing, including the U.S. dollar funds-supplying operations against pooled collateral, the outright purchases of CP and corporate bonds, and the special funds-supplying operations to facilitate corporate financing.