The Bank of Russia has updated the stress testing scenarios for non-state pension funds (NPFs), they will be applied from September 30. This is stated in the message of the Central Bank.
The scenarios are aimed at assessing the sustainability of funds in the event of an adverse change in the economic situation. At the same time, they assume a subsequent smooth recovery in government bond yields and the achievement of the inflation target.
Following consultations with the self-regulatory organization (SRO), which unites NPFs, we decided to publish the scenarios in advance, before their application by the funds. This will help improve the quality of risk assessment by market participants and increase the predictability of the regulator's activities.
