Governor Carney must be wondering what will be the effect of structural changes in the US on the housing market there. Two institutions supporting the housing market in the YS are about to close shop. If you don't know who they are you probably would not understand what I am about to say even though it is very straight forward.
The problem with banks, per se, in any number of countries is that they cannot properly manufacture the product that they are most keen on manufacturing, namely long term loans for people to buy houses. In order to sort out the maturity mismatch between a home purchase, they borrow short and this leads to banking crises and collapse. The money market is no better.
I think that I really do know how to sort this problem out and have the credentials to do so, but need an audience of people with the right bank management skills. If you have these and are willing to listen to me, we should have a summit to sort out the present imbalances in the banks balance sheets. Governor Carney's present approach will not do it and probably will make matters worse. Email me at wuhlax@gmail.com.