Translation. Region: Russian Federal
Source: Central Bank of Russia –
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Bank of Russia updated scripts stress testing of non-state pension funds (NPF), they will be applied from September 30, 2025.
The scenarios are aimed at assessing the sustainability of funds in the event of an unfavorable change in the economic situation. At the same time, they assume a subsequent smooth recovery of government bond yields and the achievement of the inflation target.
Following consultations with the self-regulatory organization (SRO) uniting NPFs, the Bank of Russia decided to publish scenarios in advance, before their application by funds. This will help improve the quality of risk assessment by market participants and increase the predictability of the regulator's activities.
The Bank of Russia and the SRO National Association of Non-State Pension Funds will continue their joint work aimed at reducing model risk during stress testing.
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