Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
“We are working on this stress scenario,” Nabiullina explained adding that for that reason it was too early to announce any concrete parameters.
The three existing scenarios have already been described in the Guidelines for the single state monetary and credit policy for 2015 and the period of 2016 and 2017.
Nabiullina also explained that the only known parameter of the stress scenario for the monetary credit policy is as follows: a fall of oil prices to $60 per barrel matches the parameters of stress testing of the banking system.
“In fact, we take account of this possible fall in oil price when we test our banking sector for stresses in order to understand how resistant it is to various stress scenarios,” Nabiullina said.