NPF Sberbank brought risk management system into accord to requirements of the Bank of Russia

NPF Sberbank in March, 2018 announced end of the one-and-a-half-year project on upgrade of risk management system in compliance to the regulatory requirements set by the Instruction of the Bank of Russia 4060-U of July 04, 2016.

Regulatory requirements to the organization of risk management system include need of regular conducting stress testing by non-state pension funds since February, 2018. Stress testing is intended to give an assessment to financial stability of fund in case of approach of improbable, but possible crisis changes of market conditions.

Also there was obligatory a conducting stress testing by a technique and according to the scenario of the Bank of Russia which sets quarterly change of the indicators having an impact on the asset cost of fund on the horizon of 5 years.

Risk management system is an essential part of the management system of our fund providing adoption of the weighed solutions considering risks of the transactions made with assets of fund for the benefit of our clients. Limits on transactions with assets of Fund and stress testing — the most important elements of development and implementation of investment strategies of fund — the head of department Risks of NPF Sberbank Andrey Zhurikhin told. — Addition of own scenarios and methods of stress testing of funds with regulatory — useful addition of an arsenal of tools of risks assessment of NPF as gives the chance to consider assessment of the Bank of Russia on possible negative changes in financial markets.