On July 11-12, 2023, Agency staff took part in online training on the microfinance market, organized by the Bank of Russia University.

The training program consisted of the following questions:

– Regulation of pawnshops in Russia: basic laws and regulations, rules and procedures.

– Characteristics of the pawnshop market: main trends, market concentration, business models and typical risks, development prospects.

– Introduction of a registry model of admission to the pawnshop market: formation of a registry in the transition period.

– Methodology for supervision of pawnshops: market categorization, risk-based supervision, risk profiling, supervisory procedures.

– Pawnshop reporting: reporting monitoring, triggers, verification of indicators, correlation of indicators with financial institutions.

–  Transition of pawnshops to IFRS. Control over the transition, audit of financial statements, ratio analysis.

– Financial analysis: key performance indicators, benchmarks, unit economics.

– Stress testing of the financial stability of pawnshops.