Financial market reform nears agreement

Feb 10, 2010
From wire reports

RIGA - Nordic central banks and governments say they are close to signing an agreement with their Baltic counterparts that lays down rules to help contain potential cross-regional fallout during the banking crises, reports Bloomberg. The agreement will define how countries in the two regions conduct stress tests; it will require an exchange of financial information and prescribe crisis-management procedures, says Estonian Finance Ministry spokeswoman Katrin Reimann. Finance ministries, financ ...

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