Reuters: Regulatory News: Canada bank regulator to add housing agency duties

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Canada bank regulator to add housing agency duties Apr 26th 2012, 14:40 OTTAWA, April 26 | Thu Apr 26, 2012 10:40am EDT OTTAWA, April 26 (Reuters) - Canada's banking regulator will supervise the federal housing agency's commercial activities and report to the minister of finance and others under legislation introduced in Parliament on Thursday. The agency, the Canada Mortgage and Housing Corp (CMHC), provides insurance for higher-risk mortgages and guarantees mortgage-backed securities issued by banks.

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