«Since the fall of»08 we have lost one community bank a day seven days a week... as a result, quite truthfully, of, obviously competition from nonbanks, but most particularly by a huge regulatory burden, some 12,000 pages of proposed and final rules in Dodd - Frank,» Frank Keating, president and chief executive of the American Bankers Association,
warned in a television interview on Tuesday.
Speaking
in a
television interview with BNN, Mr. Carney issued his third stern
warning on the issue
in less than a week, underscoring how concerned the central bank and the federal government have become about the fact that Canadians» debt - to - income ratio is now higher than Americans» for the first time
in a dozen years.