European Banking Authority platform supports successful Nordic-Baltic Stability Group crisis simulation exercise

The European Banking Authority (EBA) reported that its secure information-sharing platform contributed to the successful execution of the Nordic-Baltic Stability Group’s (NBSG) financial crisis simulation exercise, as reflected in a report published by the NBSG authorities following the joint autumn 2024 exercise. The five-day simulation involved authorities across the NBSG’s eight member countries and tested regional collaboration and coordination during a fictitious financial crisis to improve Nordic-Baltic crisis management frameworks. The EBA’s platform was used to share confidential documents and information securely, and participants noted it operated without downtime or issues and was praised for effectiveness and reliability; the EBA linked this work to its 2024–2026 programme focus on crisis simulation exercises.