The agreed cooperation concerns the promotion of financial stability and the prevention, management and resolution of financial crises. It establishes more systematic cooperation between the authorities and lays down principles for the exchange of information. The Memorandum of Understanding (MoU) is designed to strengthen the crisis management capabilities of both authorities. Memorandum of Understanding between the Bank of Finland and the Financial Stability Authority on the enhancement of crisis management capabilities (entered into force 20 October 2021) It supersedes the earlier, corresponding document signed in 2007. The objective is to improve the crisis management capabilities of the parties to the MoU by ensuring that the exchange of information required for a given crisis situation takes place between the parties, and by intensifying and clarifying cooperation for the purpose of forecasting, managing and resolving financial market crises. Memorandum of Understanding between the Bank of Finland, the Financial Supervisory Authority, the Financial Stability Authority, the Ministry of Social Affairs and Health and the Ministry of Finance on crisis management of the financial system (entered into force ) Any decisions taken in such a situation remain with the country concerned, as is the current practice. However, the MoU does not alter the responsibility for handling any crisis by the country experiencing it. In addition, the MoU improves the prerequisites for joint agreement over how a crisis is handled. The objective is to reduce the risk of cross-border crises and bolster crisis management measures. The MoU is not legally binding, rather it strengthens the parties' cooperation by developing mutual modes of operation in the dissemination and coordination of information. Through the MoU the central banks are better able to function in situations where banks operating in multiple jurisdictions experience problems. The aim of the Memorandum of Understanding is to reinforce the exchange of information between the Nordic and Baltic central banks, and cement cooperation with respect to the prevention, management and solving of financial crises. Memorandum of Understanding between the central banks of the Nordic and Baltic countries, promoting on financial stability through mutual cooperation and the development of cross-border exchanges of information regarding banks with cross-border establishments (entered into force, updated ) The principles of cooperation are laid down, for example, in the following Memoranda of Understanding (MoU), in the issuance of which the Bank of Finland has been one of the contributors. In carrying out this task, the Bank of Finland works closely together with EU central banks and other authorities. One of the Bank of Finland’s tasks is to contribute to maintaining the reliability and efficiency of the payment system and the overall financial system in Finland. Bank of Finland – Legal Provisions 2017.The First Euros – The creation and issue of the first euro banknotes and the road to the Europa series.Bank of Finland 200 years – Parliament's Bank (part II).Bank of Finland 200 years – Imperial Cashier to Central Bank (part I).International Reserves and Foreign Currency Liquidity.Monthly Bulletin 10th anniversary of the ECB.Bank of Finland rules for counterparties and customers.Information about euro banknotes and coins.Bank of Finland Research Discussion Papers.TIBER-FI Implementation guideline Open Close.The Bank of Finland as operator: TARGET2-Securities.The Bank of Finland as catalyst: Payments Council.The Bank of Finland as operator: TARGET2.Number of minted markka coins in 1998–2001.Returning markka to the Bank of Finland. Euro coins in pictures - National sides, 1 cent.Euro coins in pictures - National sides, 2 cent.Euro coins in pictures - National sides, 5 cent.
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