Risk management system of the non-state pension funds: regulations and organizational aspects

Abstract

This article analyzes the legislative requirements for the risk management system (RMS) of the non-state pension fund (NPF), provides recommendations for solving tasks driven by the implementation of these requirements. The internal documents of risk management system (Policy, Regulations) developed at the first stage of the implementation of requirements for RMS NPF are analyzed and recommendations are given for their adjustment to meet the requirements [1], increase the effectiveness and efficiency of RMS. Comparison of approaches to risk assessment that should be developed and implemented by NPFs at the second stage of building RMS and the stress testing model published by the Bank of Russia [2] devoted to the third stage of the organization of RMS.