NPF stress testing scenarios updated
23 November 2022
News
The Bank of Russia has updated its mandatory stress testing scenarios for non-governmental pension funds (NPFs), effective from 23 November 2022.
The main changes relate to determining the probability of default for substitute bonds. If such bonds do not have a credit rating, the probability of default during the NPF stress testing will be determined based on the credit rating of relevant Eurobonds and their issuer (guarantor) as of 1 February 2022.
Preview photo: Calin Stan / Shutterstock / Fotodom