The financial supervisory authorities, central banks finance ministries and other relevant ministries of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden have signed a cross-border agreement on financial stability.
The agreement enhances cooperation by establishing routines and procedures for information sharing and coordination. The aim is to reduce the risk of a financial crisis spreading cross-border, and to enhance possibilities to reach an efficient crisis management.
By signing the agreement, the public authorities in the Nordic and Baltic countries increase their preparedness to handle problems in cross-border banks.
Nordic-Baltic cross-border agreement on financial stability
Pressrelease: Nordic-Baltic cooperation agreement on financial stability
