


Banking & Finance
BANKING & FINANCE
In recent years, national regulators have imposed new regulations on the banking sector to secure their financial health and protect the interests of investors and customers. But these new frameworks make the business of banking more complex, causing institutions to re-assess their business models and pivot to address new challenges and opportunities. McMillan LLP understands the dynamics of this continually evolving landscape and we advise Canadian and foreign banks, trust companies, and other financial services organizations on how to navigate regulations and bring new products and services to market.
McMillan’s banking and finance lawyers have deep industry knowledge and experience; we are committed to staying abreast of any and all changes to financial institution legislation. We understand the challenges and opportunities that these changes can bring and help our banking clients adapt to market dynamics. We advise clients on the necessary regulatory approvals or exemption orders in connection with their Canadian activities, and we have helped a number of foreign banks establish subsidiaries or branches in Canada.
McMillan professionals support our clients by advising on financial services legislation and regulatory regimes; assisting in dealings with regulatory authorities, including the Office of the Superintendent of Financial Institutions and provincial securities commissions; counselling clients on a full range of financing transactions; advising, planning and implementing merger and acquisition transactions; and advising on a wide range of capital markets transactions.
McMillan helps institutions respond swiftly to market shifts and regulatory changes in insurance, corporate and banking law, while meeting increasingly sophisticated customer needs and rivalling competitive manoeuvres.
McMillan finance, securities and insurance lawyers advise banks, insurance companies, investment dealers and other financial services companies anticipate regulation changes and position themselves for success. In this competitive industry, we tap in to our experience advising on insurance, banking, lending, personal property security, securities, tax and insolvency law to help clients thrive and minimize risk.
McMillan works closely with in-house legal counsel government bodies and regulators. We help clients minimize the risk of banking litigation. When unavoidable, our litigators are highly accomplished at effectively representing and protecting our clients’ interests to preserve reputation and shareholder value.
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Insights (10 Posts)View More
Later Gator – Canada Seeks Critical Minerals Divestiture from Previous Divestiture Acquirer
The Government of Canada has applied to the courts in order to obtain a divestiture of a critical minerals investment under Canada's national security regime.
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Mar 13, 2025
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New Russian Sanctions and Terrorist Designations Increase Compliance Requirements for Businesses in Canada
Sanctions Update: The Government expands sanctions regime against Russia and designates criminal organizations as terrorists under the Criminal Code.
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Feb 26, 2025
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The Rise of Kirschner Provisions: Where They Come From and What It Means for Lenders in Canada
A deep dive into the Kirschner ruling and its impact on the Canadian syndicated lending market.
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Feb 25, 2025
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The Pause on the Tariff War: How Businesses Can Use the Reprieve Wisely
Canadian businesses should prepare for US tariffs, set for March 4, 2025, by considering availability of duty drawbacks and remission applications.
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Feb 5, 2025
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Motor Vehicle Protection Products in Alberta: New Guidance on What Constitutes Insurance
Overview of Alberta insurance regulator bulletins released on December 23, 2024 on the treatment of vehicle protection products and what constitutes insurance.
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Jan 7, 2025
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Bill C-26: A New Chapter in Canadian Cybersecurity Regulation
On December 5, 2024, parliament passed an act respecting cyber security (Bill C-26), which ushers in a new era of cybersecurity for federal organizations.
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Dec 24, 2024
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Canada Overhauls Sanctions and Anti-Money Laundering Compliance and Penalties and Further Targets Russian Assets
On Monday, the Government of Canada released the 2024 Fall Economic Statement, proposing substantial reforms to the national sanctions and AML regimes.
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Dec 18, 2024
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Get Ready: Canada Promises Major Overhaul to Forced Labour Regulations
The Government has renewed its human rights commitment and proposed major changes to Canada's forced labour regime in the 2024 Fall Economic Statement.
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Dec 18, 2024
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Federal Government Announces that Canada Indigenous Loan Guarantee Corporation is Accepting Applications
The federal Indigenous Loan Guarantee Program is now accepting applications to support Indigenous ownership in natural resource and energy projects.
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Dec 18, 2024
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Canada’s Anti-Money Laundering and Sanctions Overhaul Gets Serious: New Players, More Rules and Broad Reports
Canada’s Anti-Money Laundering Overhaul Gets Serious: New Players, More Rules and Broad Reports
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Dec 4, 2024
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