Skip Navigation

Financial Services Regulatory

Financial Services Regulatory
Financial Services Regulatory
Expertise / Practices / Financial Services Regulatory

Highly regarded full-service regulatory group serving a wide range of clients, from banks and insurance companies to securities and foreign exchange dealers. Commentators note: ‘They are our first choice for legal representation.’”

Chambers Canada: Canada’s Leading Lawyers for Business 2021 ranks Blakes Band 1 in Banking & Finance: Financial Services Regulation

The financial services industry in Canada is constantly adapting to a complex and ever-changing regulatory landscape.
Financial services companies need a law firm that knows their industry, understands the regulators, is skilled at risk -management and compliance strategies, and can represent them before regulatory bodies.

Blakes is recognized as having Canada's preeminent financial services practice, including the largest and most active financial services regulatory practice in the country. Our multidisciplinary team is particularly skilled at assessing regulatory risk, developing appropriate risk-management strategies to meet a client’s needs and business model, communicating complex topics with finesse, and fostering strong relationships with regulators while maintaining the client’s reputation at the forefront in all facets. We provide sophisticated advice to numerous regulated financial institutions (including domestic and foreign banks, insurance companies, trust and loan companies, and credit unions), as well as commercial and consumer finance companies, operators of payment systems and other financial-service providers, fintechs, intermediaries, and distributors. 

Our lawyers also regularly advise leading foreign banks and their affiliates on structuring cross-border arrangements in compliance with Canada’s banking legislation and other applicable Canadian laws. We advise our clients on:

  • Material transactions
  • Products and documents
  • Governance and compliance
  • Registration and licensing
  • Anti-money laundering, anti-bribery, anti-foreign corruption and sanctions
  • Legislative advocacy support
  • Liaising with the federal, provincial and varying industry regulators
Read more
Recent Experience
  • Global Payments Inc. in its acquisition of the merchant acquiring business and portfolio of 40,000 merchants of Desjardins Group

  • Republic Financial Holdings Limited in its acquisition of Scotiabank (British Virgin Islands) Limited from The Bank of Nova Scotia

  • Wells Fargo & Company on its C$32-billion acquisition of GE Capital’s Commercial Distribution Finance and Vendor Finance Businesses.

  • Power Financial and Power Corporation on their and Great-West Lifeco’s substantial issuer bids totalling C$5-billion.

  • SCOR Global Life in relation to the C$5-billion pension de-risking insurance contract with Sun Life Assurance Company of Canada and Bell Canada

  • Standard Life plc on the C$4-billion sale of its Canadian business to Manulife.

  • MCAP Financial Corporation on its C$1.5-billion mortgage purchase from Home Trust Company. 

  • Silicon Valley Bank on the establishment of a Canadian branch.

  • The Bank of Nova Scotia on the sale of the business and assets of Roynat Lease Finance, a division of its subsidiary Roynat Inc. to Meridian Credit Union Limited.

  • Canadian federal and provincial financial institutions on the rules governing payments systems in Canada, as well as on legal matters relating to payment clearing and settlement.

  • A major bank on structuring, drafting and negotiating its key arrangements with payment networks.

Awards & Recognition
  • Chambers Canada: Canada’s Leading Lawyers for Business

  • Chambers Global: The World’s Leading Lawyers for Business

  • The Canadian Legal Lexpert Directory

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada

  • Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada

  • IFLR1000: The Guide to the World’s Leading Financial and Corporate Law Firms

  • The Legal 500 Canada

  • Who's Who Legal: Banking

  • Who's Who Legal: Canada

  • Euromoney’s LMG Banking, Finance and Transactional Expert Guide

  • Euromoney’s LMG Women in Business Law Expert Guide

  • The Best Lawyers in Canada

BLK.ExpertiseDetail.ContactTabs.LoadingText