Stock market business graph chart on digital screen. Success and loss money concept. Trading screen board. Financial 3d illustration.
Stock market business graph chart on digital screen. Success and loss money concept. Trading screen board. Financial 3d illustration.
Stock market business graph chart on digital screen. Success and loss money concept. Trading screen board. Financial 3d illustration.

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.

News

Insights (10 Posts)View More

Featured Insight

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
Featured Insight

Alert for Advisers: What Registered Advisers Need to Know About “National Instrument 93-101 – Derivatives: Business Conduct”

NI 93-101 - Derivatives: Business Conduct establishes a comprehensive framework for the conduct of dealers and advisers in the OTC derivatives market.

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Dec 4, 2024
Featured Insight

Reducing NSF Fees: Proposed Regulations Amending the Financial Consumer Protection Framework Regulations

The Governor in Council announced a proposal to amend regulations aimed at reducing non-sufficient funds (NSF) fees.

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Nov 27, 2024
Featured Insight

Take Note – New Guidance Issued for Mandatory Supply Chain Reporting Requirements

Public Safety Canada has released updated guidance to clarify and address questions relating to forced labour and child labour reporting requirements in 2025.

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Nov 26, 2024
Featured Insight

Towards a Shared Understanding: Canada’s New Sustainable Investment Guidelines & Mandated Climate Disclosures

Canada’s New Sustainable Investment Guidelines (Taxonomy) & Mandated Climate Disclosures

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Nov 4, 2024
Featured Insight

Deadline for VRCA Compliance Extended Again: The Latest Development in Stablecoin Regulation

On September 26, 2024, the CSA announced a further extension of the compliance deadline applicable to stablecoins and other crypto assets.

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Nov 1, 2024
Featured Insight

Canada Proposes Stricter Supply Chain Requirements to Tackle Forced and Child Labour

The Government of Canada has launched public consultations on expanding the import prohibition on goods produced by forced labour.

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Oct 30, 2024
Featured Insight

British Columbia’s New Money Judgment Enforcement Act: An Overview

An overview of the new British Columbia Money Judgment Enforcement Act.

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Oct 11, 2024
Featured Insight

Deadlines Approaching: Government of Canada Launches Series of Consultations on Canada’s Trade Future

The Government has launched an unprecedented series of public consultations on trade policy covering economic security, certain products from China, and CUSMA.

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Sep 18, 2024
Featured Insight

OSFI’s First Industry Day: Key Highlights and Takeaways

On September 5, 2024, the Office of the Superintendent of Financial Institutions hosted its inaugural virtual Industry Day.

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Sep 10, 2024