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Director of the USUE Institute of Finance and Law Maxim Maramygin about NPF rehabilitation

Echo of Moscow, 10/10/2017

Russia's Central Bank plans to develop a mechanism for the rehabilitation of non-state pension funds (NPFs).

This was announced by the First Deputy Governor of the Central Bank of Russia Sergei Shvetsov. He stressed that the financial regulator should have crisis management tools. "It is another matter whether they will be useful or not.”

"It is necessary to have a mechanism of rehabilitation but there are some doubts about how it will be used," Maxim Maramygin, Doctor of Economics, says. Now, according to the Deputy Governor of the Central Bank, there is no need for NPFs rehabilitation.