Nordic central banks and governments are close to signing an agreement with their Baltic counterparts that lays down rules to help contain the cross-regional fallout of banking crises, the Estonian Finance Ministry said.

The agreement will spell out how countries in the two regions conduct stress tests, will require an exchange of financial information and list crisis-management procedures, Estonian Finance Ministry spokeswoman Katrin Reimann said in an e-mailed response to questions. Finance ministries, financial regulators and central banks will sign the accord in “the coming weeks,” she said.