Mr. Déry has been Superintendent, Solvency since February 2013.
Supported by a team of close to 100 people with diverse and specialized expertise, Mr. Déry is responsible for the oversight and regulation of all financial institutions licensed by the AMF to carry on business in Québec.
The teams at AMF Solvency ensure that businesses subject to AMF oversight meet Québec’s legal, normative and regulatory requirements. They regularly assess the financial soundness and management of those businesses to ensure that they are solvent and are following sound business practices. AMF Solvency is also responsible for developing, reviewing and implementing the guidelines, notices and standards relating to the areas under its responsibility.
AMF Solvency is also the deposit insurer and resolution agency for one of Canada’s seven systemically important financial institutions, which is also one of the largest financial cooperative groups in the world. As an integrated regulator, the AMF is able to play its role of risk minimizer and thereby enhance Québec’s and Canada’s financial stability.
At the Canadian level, Mr. Déry has been chair of the Canadian Council of Insurance Regulators (CCIR) since March 2015. He has also been a member of the Executive Council of the International Association of Deposit Insurers (IADI) since November 2016.
During his career, Mr. Déry has held several high-level positions within the Québec civil service, including some 12 years at the Québec Ministry of Finance, where, among other contributions, he helped manage the impacts of the 2007–2008 financial crisis on major financial institutions operating in Québec. Mr. Déry also served as a member of the Board of Directors of Hydro-Québec from October 2012 to December 2014.
Mr. Déry holds a bachelor’s degree and a master’s degree in economics from Laval University.