Toronto-Dominion Bank Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : So a quick clarification here. Riaz, the IDA agreement with Schwab, I think, the new fee structure kicked in at the end of last quarter. So this would be the full effect reflected in your results for this quarter?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Okay. And then starting July 1, that's when Schwab can start sweeping those deposits on -- $10 billion or so a year to their balance sheet. But since the amount of deposits is so much higher, it's much a longer path to get to that $50 billion minimum level, I guess. Is that how we should be looking at it now?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Okay. I may have to follow-up on that, but I got it just a bit. Now a question for Greg. The -- obviously, the U.S. has a new administration now. They have a new head of the CFPB as well. And I'm just wondering what you're thinking of these days when it comes to potential regulatory actions that could have a negative impact on your fee income line similar to what we saw after the financial crisis, if there's any whispers of actions taking place there? And even if there's not, are you taking another look at how you -- your fee structures in the U.S. and how you're charging for certain services there and how that might evolve over the next year? Yes.