Regulatory Alerts2020-11-06
Notice on Revised Leverage Ratio Measures for Deposit and Trust Institutions – COVID-19
The Autorité des marchés financiers (AMF) has extended a temporary exemption allowing deposit and trust institutions to exclude central bank reserves and sovereign-issued securities from their leverage ratio calculations. Originally set to expire on April 30, 2021, this measure now remains in effect until December 31, 2021 to mitigate ongoing COVID-19 pandemic impacts on Québec’s financial sector. Financial institutions concerned may continue applying this revised treatment without regulatory penalty, ensuring stable capital reporting throughout the extended period.
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