Can -Mbounds issue warning instead of error?

Suppose I’ve compiled a Fortran program with -Mbounds. Is there an additional compilation or runtime flag that allows out-of-bounds accesses to issue a warning and continue execution (instead of an error that halts execution)?

Many thanks,

Here is the description of -Mbounds

Use this option to enable array bounds checking. If an array is an assumed size array, the bounds
checking only applies to the lower bound. If an array bounds violation occurs during execution,
an error message describing the error is printed and the program terminates. The text of the error
message includes the name of the array, the location where the error occurred (the source file and
the line number in the source), and information about the out of bounds subscript (its value, its
lower and upper bounds, and its dimension).

We don’t have a version that gives a warning, however.