Baltic: Nordic, Baltic financial regulators rehearse crisis scenario

The financial regulatory authorities of the eight Nordic and Baltic countries have conducted a financial crisis simulation exercise under the Nordic Baltic Stability Group framework, ERR reports. The exercise was aimed at testing preparedness for a potential crisis situation, including in communication, information sharing, and collaboration between the authorities. Around 450 participants representing Nordic, Baltic, and EU authorities took part in the exercise. The Nordic and Baltic financial authorities conduct regular crisis exercises.