Let me emphasise that the ECB will continue to support solvent banks’ access to liquidity and the functioning of the money market as long as necessary. II. Lessons and recommendations to be drawn in terms of financial stability and supervision  I would like to discuss some lessons that we have drawn in terms of financial stability and supervision from the present turbulences.
Let me start by providing you with a broad-brush picture of the main weaknesses of the financial system and the regulatory framework that have been revealed by recent events on global financial markets.