Mr. Nicholas Le Pan at the Finance Committee

On May 17th, 2006. See this statement in context.

May 17th, 2006 / 4:40 p.m.

Superintendent of Financial Institutions, Office of the Superintendent of Financial Institutions Canada

But that's really what we're talking about, right? We're really talking about the fact that there's been a requirement for a number of years in the various statutes that high-ratio mortgages be insured. The government has then changed the approach to CMHC. That's changed the marketplace. MICC, which was then taken over by--

See context to find out what was said next.