Refine by MP, party, committee, province, or result type.
Finance committee This would actually be the same format that we use for many approvals in the Bank Act, both for very important and serious changes for transactions as well as, as you say, innocuous ones. This is the model that we use in financial institutions legislation, yes.
March 15th, 2012Committee meeting
Jane Pearse
Finance committee That's a much bigger question. If the question is, should the government reassess whether a 30-day timeline for the minister to make a decision is inappropriate, and should be longer or should be shorter, then there would have to be a bigger assessment done of all the approvals t
March 15th, 2012Committee meeting
Jane Pearse
Finance committee I think part of the reason that the time limit is in the legislation is to provide certainty to the private sector. When they are looking for an approval, they will receive it within a certain time limit. The time limit is really in the legislation to provide certainty. In practi
March 15th, 2012Committee meeting
Jane Pearse
Finance committee Yes, because of rising house prices and the rising number of people purchasing houses.
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Well, the liability of the government, as you say, will be going up in absolute numbers, yes.
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Yes.
June 20th, 2011Committee meeting
Jane Pearse
Finance committee It does enhance the stability of the housing finance market. Currently there are contracts that are outstanding between the government and the private mortgage insurers. To date those have worked very well, but putting it into legislation does increase the transparency and does i
June 20th, 2011Committee meeting
Jane Pearse
Finance committee I'm not sure I can speak to the issue of how your committee chooses to deal with this part of the act--
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Pardon me?
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Oh. We have a number of pieces of legislation that interact. In the financial institutions legislation we have a requirement that all mortgages over 80% have mortgage insurance, so on the one hand, we have a requirement that a mortgage lender must receive mortgage insurance from
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Your number is right.
June 20th, 2011Committee meeting
Jane Pearse
Finance committee I'm sorry, could you repeat the question?
June 20th, 2011Committee meeting
Jane Pearse
Finance committee Genworth is Genworth Canada, so its parent is--
June 15th, 2011Committee meeting
Jane Pearse
Finance committee Yes.
June 15th, 2011Committee meeting
Jane Pearse
Finance committee They are currently existing contracts, so if this legislation didn't move forward, the existing contracts would continue to live.
June 15th, 2011Committee meeting
Jane Pearse