Monitor's decision to place Norfolk and Suffolk NHS Foundation Trust into special measures has been recognised by the Trust as the next step on the road to recovery.
Monitor - the sector regulator for health services in England - has confirmed that it is placing the Trust into special measures.
Special measures will lead to:
Monitor's decision follows a critical Care Quality Commission (CQC) report arising from inspections that took place in October last year.
Chief Executive Michael Scott said: "Although disappointing, it is not a surprise to us, coming as it does after the CQC's recommendations were made in January. But as we made clear then, we recognise we need to improve the care we provide and we need to carefully manage our finances to a healthier position.
"We will achieve this by working closely with our staff and Monitor to address the issues we face. "We have already started down the road to recovery and we welcome the additional support we'll get through this process. We will be learning from other organisations and every single member of staff at this Trust will have a part to play in getting us back on track."
The Trust's Board of Governors are considering their response which will be published on their website page at: http://www.nsft.nhs.uk/About-us/Pages/Board-of-Governors.aspx