Regulatory Alerts2021-03-17
Notice on Market Risk Requirements for Deposit and Trust Institutions – COVID-19
The Autorité des marchés financiers requires Québec’s deposit and trust institutions to revert their stress Value at Risk multiplier from 1 back to 3, effective May 1, 2021. This adjustment terminates the temporary COVID-19 relief measure originally implemented in March 2020 to offset heightened market volatility. Institutions must resume pre-pandemic capital conservation levels as economic conditions stabilize, thereby restoring standard market risk coverage.
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