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Canada's banking regulator asks TD Bank to overhaul risk controls, Globe and Mail reports
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Canada's banking regulator asks TD Bank to overhaul risk controls, Globe and Mail reports
May 22, 2024 5:17 PM

May 22 (Reuters) - Canada's banking regulator has

ordered Toronto-Dominion Bank ( MLWIQXX ) to repair the nerve centre

for its risk controls, The Globe and Mail said on Wednesday.

The Office of the Superintendent of Financial Institutions

(OSFI) identified deficiencies with the bank's regulatory

compliance management program during a recent assessment, the

Canadian newspaper reported, citing two people familiar with the

matter.

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