The Autorité des marchés financiers has issued a guide intended to help Quebec’s financial institutions prepare for a possible influenza pandemic.

The AMF says that the document is in keeping with similar efforts such as the guidelines issued by the International Monetary Fund and the Joint Forum of the Basel Committee, which urge all financial sector participants to prepare for a possible pandemic.

The guide is based on the assumption that a pandemic might occur. “The comments contained in the document should not be considered alarmist, as it is up to scientists and qualified government authorities to decide on the scope, duration and risk of an influenza pandemic,” it says.

The AMF says that the goal of this document is to raise awareness among Quebec financial institutions of the risk of a possible pandemic, the impacts it could have, and the importance of preparing for such an event. “The document is designed as a tool for Quebec financial institutions for the adoption of effective business continuity plans that are adapted to an influenza pandemic,” it explains.

The AMF initiative sets out principles for action by financial institutions, “while ensuring the flexibility they need for adaptations based on specific circumstances”. The AMF is asking the financial institutions under its supervision to: draw on this document to prepare effective business continuity plans that are adapted to an influenza pandemic; provide their own comments on the impact of a possible influenza pandemic; and, provide the AMF with the contact information for resource persons in charge of preparations and intervention in connection with a possible pandemic.