The Globe and Mail reports in its Tuesday, Aug. 16, edition that Ottawa is reviving a proposal that would force lenders to shoulder more risk in Canada's housing market. The Globe's Tamsin McMahon, David Berman and Bill Curry write that Canada Finance officials are studying an option to introduce "risk-sharing" for lenders, a move that would likely mean a deductible payable by the banks on the mortgage insurance provided by Canada Mortgage and Housing Corp. and its private-sector rivals. Finance Canada spokesman Paul Duchesne says risk sharing is among the options under consideration. He says, "As recommended by the IMF and the OECD, the implications of lenders bearing a portion of losses on insured mortgages that default is one area, among others, where work is being done by the department." The OECD and the IMF recommend mortgage insurers cover the first 10 per cent to 30 per cent of losses, but require lenders to shoulder the rest. Under the current Canadian system, virtually all of the risks of mortgage defaults have been shifted to government-backed insurers. CMHC first floated the idea of requiring lenders to share in the risks of insured mortgages in 2014.