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Ed Clark

President and Chief Executive Officer, TD Bank Group

Building a Better Banking System for America

President and Chief Executive Officer Ed Clark of Toronto-based TD Bank Group spoke at the Chief Executives’ Club of Boston on April 26. He praised the United States for encouraging banks to meet stronger capital requirements while advising regulators against creating overly complicated rules, and discussed the bank’s investment in the U.S. and the Boston area.

Takeaway

Economic Recovery

The best [economic recovery] we can hope for is a consistent, steady recovery, accompanied by paced, structural reforms to deal with our fundamental, underlying structural issues.

Takeaway

Regulation

Regulators overreached in trying to write regulations to implement [the] Volcker [rule]. The spirit of what Volcker is saying is right. Banks should not be hedge funds.

Takeaway

Investing in America

TD has huge faith in America. That’s why we’ve invested so heavily here. We promise you, we are going to keep investing in America.

Takeaway

Boston Expansion

If you can find me 10 more sites in Boston, we’ll [open] 10 more stores in Boston next year. It’s just how fast we can find sites to grow those stores.

“ TD Bank chief outlines plans to expand in Mass ”

Boston Globe

“ TD Bank: We want more Boston branches ”

Boston Business Journal

“ TD Bank eyes Boston goal: CEO wants to add 10 new city branches ”

Boston Herald

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