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Compliance

DMA Compliance is one aspect of TD’s overall approach to Risk Management  

Why it's material:

Everyone at TD has a role to play in risk management. It's essential that we each play our part to protect our businesses, our customers and our employees from a variety of risks in the financial services sector.

TD executives, directors and employees look to the Enterprise Risk Framework and our Risk Appetite Statement for a common understanding of how we manage risk.

The mandate of TD’s Compliance Department is to manage compliance risk across the Bank to align with the policies established and approved by the Audit and Risk Committees.

Accountability
  • Chief Risk Officer, Chief Executive Officer, Senior Executive Team, Risk Committee of the Board and Board of Directors
Ways we measure our approach and impacts
  • Risk Management Discussion: AR pages 72
Relevant TD policies
  • TD has many policies to support the management of major risk categories.
More information
 
G4–SO8 Monetary value of fines and number of non-monetary sanctions for non-compliance with laws/regulations  
  • Compliance Incident Reporting:1
  • In 2017, TD did not incur any significant monetary fines or significant non-monetary sanctions for non-compliance with laws and regulations.

1 For reporting purposes, we determine a significant legal action to potentially exceed $25 million in damages and/or legal costs; a significant fine to be $1 million or over and related to incidents that are of a regulatory nature (penalties of an administrative nature are not considered significant); and a significant non-monetary sanction to be material and related to incidents that are of a regulatory nature.