Safe harbour statementsLedrog... I noticed that the last Annual report of the Royal Bank, BMO, BNS, TD and CM use “safe harbour” statements. You should go on their Stockhouse BB and alert all the posters/readers there about the danger of “safe harbour” statements. Quick. Don't waste your time.
Caution regarding forward-looking statements From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the “safe harbour” pro
visions of the
United States
Private Securities Litigation Reform Act of 1995
and any applicable Canadian securities legislation. We may make f
orward-looking statements in this 2012 Annual Report, in other
filings with Canadian regulators or the SEC, in other reports to shareholders and in other communications. Forward-looking statements in this docum
ent include, but are not limited
to, statements relating to our financial performance objectives, vision and strategic goals, the economic, market and regulatory review and outloo
k for Canadian, U.S., European and
global economies, the outlook and priorities for each of our business segments, and the risk environment including our liquidity and funding managem
ent. The forward-looking
information contained in this document is presented for the purpose of assisting the holders of our securities and financial analysts in understandi
ng our financial position and
results of operations as at and for the periods ended on the dates presented and our financial performance objectives, vision and strategic goals, and
may not be appropriate for
other purposes. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”,
“intend”, “estimate
”, “goal”, “plan” and
“project” and similar expressions of fut
ure or conditional verbs such as “will”, “may”, “should”, “could” or “would”.
By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise
to the possibility that our
predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our
financial performance objectives,
vision and strategic goals will not be achieved. We caution readers not to place undue reliance on these statements as a number of risk factors could cau
se our actual results to differ
materially from the expectations expressed in such forward-looking statements. These factors – many of which are beyond our control and the effects o
f which can be difficult to
predict – include: credit, market, liquidity and funding, operational, legal and regulatory compliance, insurance, re*****tion and strategic risk
s and other risks discussed in the Risk
management and Overview of other risks sections; the impact of changes in laws and regulations, including relating to the
Dodd-Frank Wall Street Reform
and Consumer Protection Act
and the regulations issued and to be issued thereunder, the Basel Committee on Banking Supervision’s global standards for capital and liquidity refo
rm, over-the-counter derivatives
reform, the payments system in Canada, consumer protection measures and regulatory reforms in the U.K. and Europe; general business and economic mar
ket conditions in Canada, the
United States and certain other countries in which we operate, including the effects of the European sovereign debt crisis, and the high levels of Cana
dian household debt; cybersecurity;
the effects of changes in government fiscal, monetary and other policies; the effects of competition in the markets in which we operate; our ability to
attract and retain employees; the
accuracy and completeness of information concerning our clients and counterparties; judicial or regulatory judgments and legal proceedings; deve
lopment and integration of our
distribution networks; and the impact of environmental issues.
We caution that the foregoing list of risk factors is not exhaustive and other factors could also adversely affect our results. When relying on our forw
ard-looking statements to make
decisions with respect to us, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ma
terial economic assumptions underlying the
forward looking statements contained in this 2012 Annual Report are set out in the Overview and outlook section and for each business segment under the
heading Outlook and priorities.
Except as required by law, we do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by us o
ronourbehalf.
Additional information about these and other factors can be found in the Risk management and Overview of other risks sections.
https://www.rbc.com/investorrelations/pdf/ar_2012_e.pdf