On Tuesday March 31, the Autorit\u00e9 des march\u00e9s financiers announced a series of measures designed to minimize the impact of COVID-19 on Quebec’s financial system.<\/p>\n
“These measures are the result of a daily analysis of the evolving situation surrounding COVID-19, and reflect the AMF’s desire to offer flexibility to financial institutions so that, in return, they can support individuals and businesses in difficulty and help the Quebec economy,” said Louis Morisset<\/span>, AMF President and CEO.<\/p>\n The measures add to or clarify the measures announced by the Autorit\u00e9 on March 19, 2020<\/a>. Today’s announcement affects the following financial activity sectors: <\/p>\n The measures taken by the Autorit\u00e9 include adjustments to the capital adequacy and liquidity guidelines, regulatory and administrative relief with regard to certain provisions of the Act respecting deposit-taking institutions and the protection of deposits<\/i>, and additional information on the consultation and monitoring processes.<\/p>\n The AMF also encourages financial institutions to take advantage of the flexibility otherwise provided in the capital and liquidity framework to ensure that the flexibilities and programs put in place by the federal and provincial governments and the Bank of Canada<\/span> optimally meet the needs of Quebec businesses and consumers.<\/p>\n All measures affecting financial services cooperatives, trust companies and savings companies can be found in the following document<\/a>.<\/p>\n All measures affecting deposit-taking institutions authorized under the Act respecting deposit-taking institutions and the protection of deposits<\/i> can be found in the following document<\/a>.<\/p>\n\n