Russian cbank gives recommendations to restore financial solvency

MOSCOW, May 24 (PRIME) -- Russia’s central bank has developed methodological recommendations for infrastructure organizations of the financial market for restoring their financial solvency in stress situations, the regulator said on its Web site on Tuesday.

“Exchange floors, clearing organizations, and clearing depositories should in advance develop measures, which will help to restore organizations’ financial solvency and support continuity of their key functions in stress situations,” the central bank said.

The central bank has recommended that each market participant should develop a list of stress scenarios taking into account increased country risks and a capital outflow, as well as macroeconomic decline, increased inflation and higher unemployment.

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