hich include corporate and investment banking, equity and debt origination and distribution, and structuring and trading. Outside North America, the company has a select presence in the U.K. and Europe, and Other international, where it offers a diversified set of capabilities in its key sectors of expertise, such as energy, mining and infrastructure and it has expanded into industrial, consumer and health care in Europe. Corporate and Investment Banking comprises the company’s corporate lending, loan syndications, debt and equity origination, M&A advisory services, private equity, research, client securitization and the global credit businesses. The company’s legacy portfolio is grouped under Other. Other includes the company’s legacy portfolio, which consists of its bank-owned life insurance stable value products, U.S. commercial mortgage-backed securities, U.S. auction rate securities, structured rates in Asia, and certain proprietary trading strategies. Seasonality The first quarter (year ended October 31, 2015) has historically been seasonally stronger for the company’s capital markets businesses. The second quarter has fewer days than the other quarters, which generally results in a decrease in net interest income and certain expense items. The third quarter results for Investor & Treasury Services are generally favourably impacted by higher securities lending as a result of the European dividend season. The third and fourth quarters include the summer months during, which market activity generally tends to slow, negatively impacting the results of the company’s capital markets, brokerage and investment management businesses. Customers The company serves approximately 16 million personal, business, public sector, and institutional clients through offices in Canada, the U.S. and 37 other countries. Trademarks The company’s trademarks include the LION & GLOBE Symbol, ROYAL BANK OF CANADA, RBC, RBC BANK, RBC CAPITAL MARKETS, and RBC ENVIRONMENTAL BLUEPRINT. Government Regulation and Supervision – Canada The company is a ‘Schedule I’ Bank under the Bank Act (Canada), and as such, is a federally regulated financial institution. The Office of the Superintendent of Financial Institutions (OSFI) reports to the Minister of Finance for the supervision of the company, as well as its Canadian federally regulated trust, loan, and insurance subsidiaries. The company is also required to make periodic filings and reports to OSFI. The company and its Canadian trust, loan, and insurance subsidiaries are also subject to regulation under the Financial Consumer Agency of Canada Act. The company and its subsidiaries, such as Royal Trust Corporation of Canada, The Royal Trust Company, Royal Bank Mortgage Corporation, and RBC Investor Services Trust, are member institutions of the Canada Deposit Insurance Corporation. The activities of the company’s subsidiaries, such as RBC Dominion Securities Inc. (RBC DS); RBC Direct Investing Inc. (RBC DI); Royal Mutual Funds Inc.; RBC Global Asset Management Inc.; Phillips; Hager & North Investment Funds Ltd.; and RBC Phillips, Hager & North Investment Counsel Inc., which act as securities dealers (including investment dealers, mutual fund dealers and exempt market dealers), advisors (investment counsel/portfolio manager) or investment fund managers are regulated in Canada under provincial and territorial securities laws (which are administered and enforced by securities regulatory authorities) and, in some cases, by the rules of the applicable self-regulatory organization (the Investment Industry Regulatory Organization of Canada for investment dealers and the Mutual Fund Dealers Association of Canada for mutual fund dealers). Each of RBC DS and RBC DI are members of the Canadian Investor Protection Fund. The activities of the company’s regulated Canadian insurance subsidiaries, RBC Life Insurance Company, RBC General Insurance Company, and RBC Insurance Company of Canada, are federally governed by the Insurance Companies Act and by provincial legislation in each province and territory in which they carry on business. Government Regulation and Supervision – U
royal bank of canada (RY:New York)
Royal Bank Plaza
200 Bay Street
Toronto, ON M5J 2J5
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