Nordic-Baltic crisis simulation seeks to reinforce collective response

Nordic-Baltic map

Authorities in the Nordic and Baltic countries are strengthening their co-operation through crisis simulation exercises, in a bid to foster stability in their highly integrated financial systems.

The Nordic-Baltic Stability Group (NBSG) held its first exercise to gauge how central banks, ministries of finance and supervisory and resolution authorities could collectively respond to a banking crisis on January 22–23. Members of the group tested how they would react to a crisis in a group of

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