Of course, for a forward-looking policy process it is essential to learn from current events to build a sustainable future. This work on lessons learnt is ongoing in several international and national fora.
The Bundesbank is making every effort to play a constructive role in these processes, and, thus, it is a pleasure and an honour to share with you some thoughts on finance after the turmoil, even though times are still turbulent. Current challenges are twofold. The first aspect is crisis management and focuses on the resolution of institution-specific problems as regards liquidity and solvency.