What is the function of the BC Financial Services Authority?

The BC Financial Services Authority (BCFSA) plays a crucial role in ensuring the integrity and stability of financial and real estate services in British Columbia. Its primary function is to regulate various sectors, including mortgage brokers, credit unions, and insurance companies. By overseeing these services, the BCFSA helps to protect consumers and maintain the overall confidence in the financial system.

This regulatory authority is vital in monitoring compliance with applicable laws and regulations, thus safeguarding public interest. It establishes standards to ensure that financial institutions operate fairly and transparently, contributing to a stable economic environment. By focusing on the financial and real estate sectors, the BCFSA helps to mitigate risks and provides a framework for resolving regulatory issues in those areas, making option B the most accurate choice regarding its function. Other options pertain to different domains or authorities that do not fall under the BCFSA's mandate.