Regulatory Alerts2021-11-26
Notice on Revised Leverage Ratio Measures for Deposit and Trust Institutions – COVID-19
The Autorité des marchés financiers (AMF) has updated its COVID-19 temporary measures to require Québec’s deposit and trust institutions to include qualifying sovereign-issued securities in their leverage ratio exposure calculations starting January 1, 2022. While these sovereign securities must now be counted, institutions may continue to exclude central bank reserves from their leverage ratios until further notice. This revision extends the original April 2020 exemption period to December 31, 2021 before the new inclusion requirement takes effect.
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