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will allow the banking sector to timely plan capital management, including the policy of dividends and compensations. The countercyclical capital buffer is applied in compliance

portion of funds) of maternity benefit due to the refusal of the policy holder from the accumulative part of the pension or in case of

portion of funds) of maternity benefit due to the refusal of the policy holder from the accumulative part of the pension or in case of

Fund Social Protection. The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by the Russian law.

for correcting in the compulsory motor third party liability insurance (hereinafter, OSAGO) policy the ‘bonus-malus’ coefficient (BMC), which takes into account surcharges and discounts for

the fiscal policy as countercyclical. The primary non-oil and gas structural deficit will gradually shrink in the years to come. Meanwhile, the fiscal policy will

On Non-governmental Pension Funds’ with regard to unilateral decision-making violating right of policy holders; repeated violations over the past year of requirements to information distribution,

Fund Siberian Capital. The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by the Russian law.

Novy Vek OPS. The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by the Russian law.

BANK OF RUSSIA MONETARY POLICY BANK OF RUSSIA No. 11 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY (270) STATISTICAL 67