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Financial Stability Review

The Financial Stability Review is a key thematic document, which the Bank of Russia publishes twice a year (in May and November). The material describes the vulnerabilities of the financial system, analyses potential shocks, and assesses financial institutions’ resilience to these vulnerabilities and shocks.

A shock is an event that may lead to disruptions in or an overall failure of a part of the financial system.

A vulnerability is defined as a property of the economy that:

  • reflects imbalances accumulated in the economy;
  • may increase the likelihood of a shock; and
  • may lead to systemic disruptions as a result of shocks.
Department responsible for publication: Financial Stability Department
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Last updated on: 01.11.2025