Risk Monitoring and Reporting

TD monitors and reports on risk levels on a regular basis to senior management, the RCoB, and the board. Complementing regular risk monitoring and reporting, ad hoc risk reporting is provided as appropriate for new and emerging risk or any significant changes to the bank's risk profile. Risk-specific reporting is also in place as described in the relevant risk-specific frameworks.

TD's risk dashboards provide a comprehensive quantitative and qualitative assessment of key risk types across the enterprise. The risk dashboards reflect established guidelines and risk tolerance based on TD policies that encompass key aspects of risk to the businesses.

TD measures management's performance against risk appetite using the Risk Appetite Scorecard, which is a consolidated assessment of enterprise and business segment risk performance measured against risk appetite metrics. In completing the Risk Appetite Scorecard, TD Risk Management assesses various factors to determine whether the bank takes risks consistent with the Risk Appetite Statement and whether the risk level changed in the businesses as a result of management actions or external factors. This annual assessment of management's performance against TD's risk appetite is used as a key input into compensation decisions.

Extensive external reporting is produced to comply with legal and regulatory requirements. TD also discusses the ERF and related risk management practices in the Management Discussion and Analysis (MD&A) section of its annual report. All forward-looking statements to external stakeholders included in the MD&A are, by their very nature, subject to inherent risks and uncertainties, general and specific, which may cause the bank's actual results to differ materially from the expectations expressed in the forward-looking statements.

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