For example, the federal government tightened rules for government-supported mortgage insurance four times over five years, starting in 2008. In December 2015,  21  This effort by the Bank is complemented by the communications of other public authorities, for example, the Financial Consumer Agency of Canada and the Department of Finance.
In fact, we are in the process of fully adopting a consolidated and risk-based supervision approach. International best practice on banking supervision has adopted this approach primarily because of its more forward-looking orientation rather than the after-the-fact view of traditional supervision.