Royal Bank of Canada Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Lamar Persaud - Cormark Securities Inc. - Analyst : Yeah, thanks, Lamar Prasad from Cormark Securities. One of the slides I went to immediately was this ROE waterfall and I see that Katherine's up on stage there. So you unpack that tax PCL and other cause it looks like there's a significant negative drag that I'm trying to kind of square up in my head.

Question: Lamar Persaud - Cormark Securities Inc. - Analyst : Yeah, thanks. Lamar from Cormark Securities. I have two questions, one for Katherine, then one for Dave. So Catherine, you gave the 15 basis points to 20 basis points expansion of total revenues to RWA. So how are you thinking in terms of RWA growth? And then secondly for Dave, one of the common threads throughout this Investor Day is this client-centric approach. Some of your bank, some of your other peers have presented similar approaches, but execution has fell short and then a couple years down the road, they're revamping their strategy. So how do you incentivize this behavior of referrals across different business lines and judge success.