Nordic and Baltic states reinforce regional financial co-ordination
Banks operating across the region require common macro-prudential measures
The Nordic and Baltic states have signed a memorandum of understanding to deepen the co-ordination of national institutions involved in safeguarding financial stability.
The presence of big banks operating across the region but located in relatively small countries, opens supervisory and resolution challenges that have increased regional and European-wide co-operation.
The signatories of the memorandum, which was unveiled today (February 9) are Denmark, Estonia, Finland, Iceland, Latvia
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