More to be done on housing risk exposure: Bank of Canada official

OTTAWA (Reuters) - While Canada's housing market has proven to be sound in the aftermath of the global financial crisis, more needs to be done to rebalance risk exposures among market participants, according to a Bank of Canada official. Potential changes needed may include creation of a private-label mortgage securitization market, Bank of Canada deputy governor Lawrence Schembri wrote in an article published by Britain's National Institute of Economic and Social Research on Tuesday. The article was based on a presentation Schembri made at the Bank of England in September. ... Read More http://ift.tt/1uo6QBg