OSFI confirms Toronto-Dominion Bank designation as a global systemically important bank

On November 22, 2019, the Financial Stability Board released its 2019 list of global systemically important banks (G-SIBs) and OSFI confirms the Toronto-Dominion Bank (TD) G-SIB designation. TD is already subject to OSFI’s framework for domestic systemically important banks (D-SIBs), and therefore is well positioned to meet the G-SIB requirements starting in November 2020.