The Bank of Russia has updated the scenarios for mandatory stress testing of non-state pension funds (NSPF).
The scenarios assume a more gradual recovery of the value of government bonds after a period of decline compared to the previous scenario. Additionally, the probabilities of asset defaults have been updated based on data from rating agencies. The document has also been supplemented with a new scenario indicator—the price of an ounce of gold—in connection with the growing interest in instruments linked to the value of the precious metal.
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