On 28 October 2008, the European Commission announced its approval, under EC Treaty State aid rules, of a package of measures intended to stabilise Germany's financial markets and to address the malfunction of interbank lending. The measures consist of a recapitalisation and guarantee scheme, as well as a temporary acquisition of assets by the State. The German authorities notified the Commission of the package on 14 October. After a series of exchanges and discussions with the Commission on the details of its implementation, on 27 October the German authorities submitted a list of commitments to limit possible distortions of competition.