Customers
Workplace
Environment
Communities
How We Operate SO5
Public Policy MATERIAL TOPIC
96 SO6
Context
Banking is a highly regulated industry that requires frequent interactions with governments to discuss the impact of policies, on both the sector and general public. Governments are also increasingly engaging businesses and a wide range of stakeholders in policy development to find innovative solutions to challenging public policy issues.
Materiality and Strategy
In all jurisdictions where TD operates, we take an interest in major public policy issues that may have an impact on our business, communities and society. These include issues identified in our annual materiality analysis, such as tax reform, access to banking, affordable housing and adapting to a changing climate. Operating in a highly regulated industry, TD is especially affected by changes in financial services regulations and policies, and we are naturally concerned about building a healthy, sustainable financial marketplace.
TD engages in public policy matters in a variety of ways:
• We monitor government activity, upcoming legislation and regulatory developments to keep abreast of relevant issues.
• We dialogue with elected officials, public servants, regulators and advocacy organizations to educate them on TD’s viewpoints.
• We participate in relevant policy development processes (e.g., public/ industry consultations) by offering constructive ideas and expertise, with the aim of shaping sound policy solutions.
We are committed to being transparent about our public policy interactions and pol- itical contributions, with all of our activities guided by TD’s Code of Conduct and Ethics and Anti-Bribery and Anti-Corruption Policy.
Government Relations in Canada
In Canada, TD’s Government Relations group coordinates the bank’s dialogue with politicians and public servants, as well as many of the bank’s relationships with industry associations and other advocacy organiza- tions. For example, TD works with the Canadian Bankers Association on banking- specific issues and the Toronto Financial Services Alliance on broader economic and financial sector matters.
TD 2013 Corporate Responsibility Report
TD’s Regulatory Relations group coordinates the bank’s contact with both Canadian regulators and regulators in foreign jurisdic- tions other than the U.S.
The majority of TD’s interactions take place with the federal government, which has juris- diction over all banking activities and many other financial services. TD complies with all federal lobbyist-reporting requirements and reports all of its activities to the Office of the Commissioner of Lobbying, as required. Our activities at the provincial and municipal levels follow all of the rules and/or reporting requirements that exist for these jurisdictions.
TD played an important and constructive role in the Basel III discussions with both the Basel Committee on Banking Supervision and OSFI. The bank maintained a continuous
dialogue throughout the consultative period with regulators, both on a bilateral basis and through the Canadian Bankers Association. The dialogue included important feedback on Basel III’s potential impact on the Canadian banking industry, as well as on the overall macro economy. TD’s participation in the Basel III discussions helped lead to the imple- mentation of more balanced capital rules than those that were originally proposed.
Government Relations in the U.S.
In the U.S., the Regulatory and Government Affairs team manages the bank’s contact with regulators, elected officials and other government employees at the federal, state and local levels. In addition,
the team coordinates the bank’s relationships with trade associations, such as the American Bankers Association and the Financial Services Roundtable.
TD Bank complies with all reporting require- ments related to its interactions with government officials and with all other laws, rules and regulations that govern such inter- actions. We have a comprehensive Gifts and Entertainment Policy that prohibits gifts of any kind from bank employees and Directors to U.S. government officials, and we provide in-depth ethics training to employees who interact with government officials.
+ Key Public Policy Decisions in 2013 + Political Contributions
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118