Published on: 2026-09-14
Source: Central Bank of Russia – Central Bank of Russia –
An important disclaimer is at the bottom of this article.
New edition allows assessing the stability of non-state pension funds (NPFs) under a risk scenario – rising inflation in developed countries and volatility in foreign securities markets. This may also affect the Russian stock market.
The scenarios assume a period of tight monetary policy in Russia, after which the rate of price growth will slow down and the yield on government bonds will recover.
In the updated scenarios, the regulator also clarifies how to calculate the future value of bonds whose payments depend on the key interest rate level. The clarifications were prepared jointly with the self-regulatory organization uniting NPFs to improve model assessments.
Funds will apply the updated stress-testing scenarios starting from September 30, 2026. The Bank of Russia publishes them in advance. This improves the quality of risk assessment by market participants and makes the regulator’s activities more predictable.
Photo on the preview: Sandyman / Shutterstock / Fotodom
Please note; This information is raw content obtained directly from the information source. It represents an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.