Written on: 1 August 2024

The Toronto-Dominion Bank has joined Financial Markets Standards Board (FMSB) as a Full Member. The addition of The Toronto-Dominion Bank further broadens FMSB’s international reach and the impact of its work setting Standards and developing good practice to drive fair and effective, global wholesale markets.

Myles McGuinness, FMSB CEO said:

“We are delighted to welcome The Toronto-Dominion Bank as a Full Member of FMSB, further broadening our international reach. FMSB Members now include major wholesale banks with operations in North America, Europe and Asia, all of whom are committed to running their businesses in accordance with FMSB Standards. As our membership base widens, our work can have even greater global impact.”

Chris Vogel, Vice Chair and Co-Head of Global Markets, TD Securities said:

“We are excited to join FMSB and contribute our expertise to the important work of driving and maintaining standards across our industry. This membership underscores our commitment to innovation and ensuring excellence in what are best market practices. We look forward to working collaboratively with our peers to deliver solutions that benefit TD, our clients and global wholesale markets.”

 

Notes to editors

About FMSB:

  • Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
  • Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure and information providers, corporates, pension funds and interdealer brokers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of global wholesale financial markets.
  • As well as standard setting, subject matter experts from member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
  • FMSB’s full membership list is here

About The Toronto-Dominion Bank:

  • The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by assets and serves over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world’s leading online financial services firms, with more than 17 million active online and mobile customers. TD had $1.97 trillion in assets on April 30, 2024. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

 

For more information:

Laura Conaghan
+44 (0)7929 72669
Laura.conaghan@fmsb.com

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