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

Two-Year Anniversary of Russia’s Illegal Invasion of Ukraine: New Sanctions Designations and Expansion of Export Prohibitions

To coincide with the two-year anniversary of Russia's invasion of Ukraine, Canada announced new sanctions and financial reporting obligations.

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Feb 28, 2024
Featured Insight

OSFI Unveils New Supervisory Framework (Effective April 2024)

OSFI announced the release of its new Supervisory Framework for FRFIs and private pension plans, touted to be the most significant change in 25 years.

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Feb 14, 2024
Featured Insight

FinTech: 2023 Legal Year in Review

The FinTech industry in Canada was impacted by significant regulatory developments in 2023. Explore the key updates in our year-in-review summary.

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Feb 7, 2024
Featured Insight

OSFI releases final Guideline on Integrity and Security

OSFI released the final Integrity and Security Guideline, setting out expectations for FRFIs for policies and procedures to protect against related threats.

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Feb 6, 2024
Featured Insight

A Focus on Alternative Investments in the Private Credit Market

McMillan and Bloomberg invite you to join us on Thursday, February 15th for a lunch seminar on the Canadian private credit market.

Details
Thursday, February 15, 2024
Featured Insight

The Great Rate Escape: Commercial Loans No Longer Criminal

The government of Canada has proposed changes to the criminal code which would exclude commercial and pawn loans from the criminal rate of interest.

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Jan 8, 2024
Featured Insight

Could it be True? Canada to Introduce Open Banking Legislation

On November 21, 2023, the Government of Canada released its 2023 Fall Economic Statement. The Economic Statement announced the federal government's intention.

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Nov 29, 2023
Featured Insight

Canada’s Luxury Tax on Aircraft: A Primer for Non-Canadian Sellers and Brokers

Outlines potential implications for non-Canadian parties to common aircraft transactions under the Canadian federal Luxury Tax.

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Nov 15, 2023
Featured Insight

Canada & Taiwan Conclude Foreign Investment Protection Arrangement

Canada-Taiwan FIPA Latest Milestone in Canada’s Indo-Pacific Strategy.

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Oct 30, 2023
Featured Insight

New SEC Cybersecurity Rules – Implications for Canadian Issuers

Discusses the impact of new SEC cybersecurity requirements on Canadian foreign private issuers and suggests recommendations for companies to consider.

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Oct 25, 2023