Royal Bank of Canada at National Bank Financial Services Conference Transcript

Mar 22, 2022 / 03:40PM GMT
Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst

All right. I'd like to welcome our last speaker before lunch to the stage. And before I forget, lunch is on the other side of this wall, correct?

So we have a lunch speaker. Neil McLaughlin, Group Head of Royal Bank's Canadian Personal & Commercial Banking Unit. And I'd like to thank you for coming to Montreal and taking the time to sit down with us and go over a bunch of questions.

Questions and Answers:

Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst

One place I'd like to start is on the -- the Royal has been pretty transparent and is talking about low interest rate environment, and mix shifts on the balance sheet has been a $2 billion revenue erosion -- source of erosion.

Neil McLaughlin - Royal Bank of Canada - Group Head of Personal & Commercial Banking

Yes.

Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst

And
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