Pierre Buhler discusses new regulations imposed on TD Bank in the wake of its recent money-laundering scandal in this American Banker article.

Pierre reflects on the implications of the recent regulations placed on TD stating, “The asset cap is the most impactful element of the enforcement package. The balance sheet is really the core element of a bank. The asset cap is a nuclear bomb to control a bank.”

He continues, noting his view of how regulators should strategize moving forward, “Regulators should establish the terms under which the penalty is applied and terminated. They should be much more stringent [with] the rules around it. It’s fine to be punished, but how do I get out of my punishment? On what conditions exactly? Those definitions are very loose today.”

Read the full article HERE