Financial Services Regulatory

Business papers, tablet and pen on table.

In an ever-shifting regulatory landscape, remaining compliant with the multitude of regimes governing the financial services sector is top of mind for financial services organizations – more than ever, the business and reputational costs of not doing so are far-reaching and significant.

That’s where engaging Osler’s multidisciplinary team to provide integrated, risk-based advice can make a real difference. Our team is at the nexus of the financial services regulatory environment in Canada and we help financial institutions and other financial services providers, including banks, foreign banks, captive finance companies, payday lenders, insurance companies and intermediaries, trust companies, loan companies, mortgage brokers, money services businesses, payment card industry participants, and fintechs, manage the escalating complexity of these regulatory requirements.

Integrated Financial Services Regulatory Advice

We are the only Canadian law firm offering a comprehensive and integrated approach to advising participants in the Canadian financial services sector. At the heart of our capabilities is our unparalleled experience in prudential financial institution regulation, backed by leading expertise in all areas of strategic and operational importance in the financial services sector.  Our integrated approach offers a one-stop shop for financial services clients looking to grow their business in Canada or enter into the Canadian market through mergers and acquisitions, investments, or new product development.

Osler’s team of legal professionals has extensive experience across broad segments of the financial services industry. Clients can access our expertise in crisis and risk management, regulatory, capital and corporate finance, privacy, data management and cybersecurity, technology and outsourcing, M&A and strategic arrangements, taxation, securities advisory, payments, AML & sanctions and competition.

Core Financial ServicesRegulatory Advice(prudential, business powers, ownership & investments, market conduct, sales practices & consumer protection), Crisis & risk management, Regulatory capital & corporate finance, Privacy, data management & cybersecurity, Technology & Outsourcing, M&A and strategic arrangements, Taxation, Securities advisory, Payments, AML & Sanctions, Competition

Integrated Financial Services Regulatory Advice Chart

Our lawyers understand where the regulations converge and overlap, and we employ an enterprise-wide approach to assist clients with identifying, assessing and proactively mitigating risk and exposure, while also helping to reduce the administrative and cost burden that comes with overlapping regimes in Canada.

We have strong working relationships with senior personnel at the key financial regulators in Canada, as well as with numerous regulators and officials internationally. We understand the global and domestic regulatory regimes and offer insight into how regulators are working together, which is unique to Osler.  This approach allows us to offer customized and comprehensive advice in connection with implementation of global industry regulatory trends as well as responding to regulatory breaches and investigations and the development and implementation of preventative compliance and risk management processes and procedures.


Victoria Graham

Partner, Corporate


Lawrence E. Ritchie

Partner, Litigation


Elizabeth Sale

Partner, Financial Services


  • Bank of Montreal

    Bank of Montreal in its US$16.3 billion acquisition of Bank of the West

  • CURO

    CURO in its acquisition of Flexiti Financial

  • Ontario Teachers' Pension Plan Board

    Ontario Teachers' Pension Plan Board in its investment in Duo Bank of Canada in connection with Duo Bank of Canada’s acquisition of Fairstone Financial Holdings Inc.

  • Goldman Sachs Merchant Banking Division

    Goldman Sachs Merchant Banking in its $1.13 billion acquisition of People Corporation

  • Ontario Teachers' Pension Plan Board

    Ontario Teachers’ Pension Plan Board in Intact Financial Corporation’s acquisition of RSA Insurance Group

  • Royal Bank of Canada

    Royal Bank of Canada in its inaugural Additional Tier 1 offering of $1.75 billion

  • Princeton Holdings Limited

    Princeton Holdings Limited in the sale of The Guarantee Company of North America and Frank Cowan Company Limited to Intact Financial Corporation.

  • WealthBar

    WealthBar with respect to CI Financial’s acquisition of a majority stake in WealthBar

  • JP Morgan Chase & Co.

    JP Morgan Chase & Co. in its acquisition of WePay Inc.

  • The Bank of Nova Scotia

    The Bank of Nova Scotia in its launch of a new form of Additional Tier 1 Capital

  • Constellation Brands, Inc.

    Constellation Brands, Inc. in the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1.03 billion

  • The Toronto-Dominion Bank

    The Toronto-Dominion Bank in the sale of its indirect home improvement financing assets to Financeit and Concentra

  • Bank of Montreal

    BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business

  • Manulife

    Manulife Financial Corporation in its $4-billion acquisition of the Canadian-based operations of Standard Life plc, the country’s fifth-largest insurer. In addition to providing M&A transactional advice, Osler advised on insurance regulatory matters relating to the acquisition, including the transfer of the Canadian business of the Canadian branch of Standard Life Assurance Limited and the related incorporation of a new Canadian federal life insurance company.

  • J.P. Morgan

    J.P. Morgan on all regulatory and commercial aspects of sale of the Sears Canada-branded private label and MasterCard credit card portfolios to Scotiabank, including advising on matters relating to Bank Act, consumer protection, and cost of borrowing disclosure.


    TELUS on all regulatory and commercial aspects of its co-branded credit card agreement with CIBC (as issuer).

  • TD

    TD Bank on the sale of investment loans to B2B Bank, a subsidiary of Laurentian Bank of Canada including on all regulatory and commercial aspects of the sale transaction, including on matters relating to the Bank Act, and consumer protection.

  • Find More

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Banking & Finance; Banking & Finance: Financial Services Regulation
    • "... a top-tier firm that consistently delivers excellent work."
    • "They have a very good insight into the workings of the Canadian credit card industry."
  • The Canadian Legal Lexpert Directory: Recognized in Banking & Financial Institutions (Toronto, Ontario; Montreal, Quebec)
  • IFLR1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Financial Services Regulatory; Banking