A third set of measures involved the provision of liquidity to address pressures in commercial paper markets and at money market funds. These liquidity programs were largely unwound when financial markets improved.
Migration to advanced approaches After adequate skills are developed, both by the banks and also by the supervisors, some banks may be allowed to migrate to the Internal Rating Based (IRB) Approach. The obvious corollary is that only a few banks are expected to migrate to the advanced approaches – though after some time, and not immediately.