Bank Regulatory Advice
Miller Thomson’s Banking and Financial Services Group has a large national team of professionals with extensive experience helping our clients with regulatory and compliance issues at the municipal, provincial and federal levels in Canada.
We represent Canadian and foreign banks and other financial institutions, insurance companies, trust companies, credit unions, finance companies, investment dealers and other regulated and unregulated financial businesses.
Our lawyers have long-standing working relationships with both federal and provincial regulators, including the Office of the Superintendent of Financial Institutions, the Financial Consumer Agency of Canada, the Canada Deposit Insurance Corporation, the Canadian Payments Association and the Financial Transactions and Reports Analysis Centre of Canada. We have helped clients with all regulatory matters related to starting a new Canadian or foreign based financial services business and growing or reorganizing an existing financial services business.
Our professionals provide practical pro-active advice and policy development for reporting, compliance, privacy, money-laundering, corporate governance and consumer protection issues. We also offer legal services for civil claims, regulatory reviews, audits, investigations and enforcement actions.
We work closely with lawyers who practice in other specialty areas including Capital Markets and Securities, Mergers and Acquisitions, Business Law, Information Technology, Insurance, Tax, Competition/Antitrust and Privacy and Information Protection. The synergies created by our Miller Thomson lawyers enable us to provide our clients with the required depth of knowledge in a broad range of areas necessary to provide sound advice and meaningful solutions.
We have obtained regulatory approvals for a variety of transactions, including:
- Formation of new financial services companies and partnerships,
- Mergers, acquisitions and amalgamations of insurance companies,
- Winding-up of a financial services business in Canada, and
- Establishment of subsidiaries of foreign financial services institutions in Canada.