Edmund Clark, Toronto-Dominion Bank's chief executive, said Wednesday that the new international capital standards, known as Basel III, won't change its approach to deals or dividend policy.
"It doesn't change how we think about acquisitions," Clark said at a Morgan Stanley financial conference in New York. "It has no impact on dividends," he said, reiterating statements that TD determines dividends on its natural, and sustainable, earnings growth.
Clark also said that TD has no plans to expand its U.S. area of operations beyond the U.S. Eastern Seaboard. "We have no desire to move outside of that geography," he said.
TD plans to expand its U.S. store count, Clark said. Canada's No. 2 bank behind Royal Bank of Canada has more branches in the U.S. than in Canada.