A century of Nordic cooperation – more relevant than ever

On Nordic Day, we reflect on more than a century of cooperation among Nordic financial trade unions – and why a strong common voice matters more than ever in an increasingly uncertain world.

Nordic Day is celebrated on 23 March each year, marking the signing of the Helsinki Agreement in 1962 – a cornerstone of formal Nordic cooperation. Yet for the Nordic financial trade unions, cooperation goes back even further.

As early as 1923, representatives from Nordic bank unions gathered in Gothenburg, laying the foundation for long-term collaboration. This marked the beginning of what would later become Nordic Financial Unions (NFU).

From the outset, the ambition was clear: to support one another, share knowledge and stand together to drive progress and improvements. At a time when Europe was marked by division and instability, there was a strong sense that employees in the Nordic financial sector could rely on each other, and that sense of solidarity has endured.

At the heart of NFU’s cooperation, now as in the past, is the continuous exchange of experiences and close dialogue between the Nordic countries and their unions. This ongoing collaboration remains a key strength in navigating both shared challenges and new developments.

Today, that foundation remains highly relevant.

In a world characterised by geopolitical uncertainty, rapid digitalisation and growing environmental risks, the need for strong cooperation is increasing. The Nordic countries share not only values, but also face similar challenges, particularly in relation to digital transformation, regulatory developments and the future of work. Addressing these challenges requires joint efforts and a shared perspective.

For NFU today, this cooperation is particularly visible in its advocacy work at the EU level. A significant share of the regulation affecting the financial sector and its employees is shaped in Brussels. NFU therefore plays an active role in monitoring and analysing EU initiatives, ensuring that the Nordic perspective is heard.

 Carin Hallerström, General Secretary at NFU, puts it clearly:

“A common Nordic voice carries weight. Together, we are stronger – and that is recognised in the EU.”

More than a century after its beginnings, NFU continues to build on a strong tradition of Nordic cooperation grounded in solidarity, shared values and a commitment to shaping a fair and resilient financial sector.

On Nordic Day, this legacy is not only worth celebrating but also strengthening for the future.