CMT – Mortgage Rules, Margins & Risk
October 22, 2012 Leave a comment
Regulatory changes are keeping RBC’s Canadian banking head, David McKay, up at night.
And funny enough, his competitor, TD, has been one of the parties lobbying for regulatory changes—so says McKay’s TD counterpart, Tim Hockey.
These were among the facts shared by the two executives at a recent Barclays investor conference.
Below we summarize some of their other insights into mortgage rules, mortgage pricing and housing risk (our comments in italics)…