That is absolutely correct. It's not the function of the regulator to determine who the mortgage insurance will be provided to. It's a business decision. There will be no obligation to expand.
On June 1st, 2006. See this statement in context.
On June 1st, 2006. See this statement in context.
June 1st, 2006 / 11:15 a.m.
Director, Financial Sector Policy Branch, Department of Finance
That is absolutely correct. It's not the function of the regulator to determine who the mortgage insurance will be provided to. It's a business decision. There will be no obligation to expand.
See context to find out what was said next.