Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
The Bank of Russia has updated the requirements for financial stability recovery plans (FSRPs), taking into account the experience of supervisory assessments accumulated since 2019, in order to improve their effectiveness in stressful situations.
Systemically important credit institutions will be required to submit plans prepared in accordance with the new requirements to the Bank of Russia by July 1, 2026 (other banks – at the regulator’s request).
INnew position The parameters of stress scenarios have been detailed, indicators of the onset of shock have been established, and it is also indicated how banks should confirm the feasibility of VFU measures and the extent to which they should describe them in their plans.
Preview photo: wedmoments.stock / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.