Service

Financial Services Regulatory

Our team is at the nexus of the financial services regulatory environment in Canada.

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.

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.


Key Contacts

Victoria Graham

Partner, Corporate, Toronto

Lawrence E. Ritchie

Partner, Disputes, Toronto

Elizabeth Sale

Partner, Financial Services, Toronto


Representative Work


Latest Insights

  • Osler Update Jun 5, 2024

    Incoming changes to consumer protection legislation in Ontario, New Brunswick and Newfoundland and Labrador

    Ontario, New Brunswick and Newfoundland and Labrador have introduced new legislation to overhaul their respective consumer protection regimes. This Os...

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    Incoming changes to consumer protection legislation in Ontario, New Brunswick and Newfoundland and Labrador
  • Osler Update May 29, 2024

    Incoming changes to consumer protection laws: implications for financial service providers

    Ontario, New Brunswick and Newfoundland and Labrador have introduced new legislation to overhaul their respective consumer protection regimes, includi...

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    Incoming changes to consumer protection laws: implications for financial service providers
  • Osler Update May 2, 2024

    OSFI to finalize risk management guidance covering the use of AI and machine learning within models

    The OSFI is releasing an updated guidance on model risk management for financial institutions.

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    OSFI to finalize risk management guidance covering the use of AI and machine learning within models
  • Blog Apr 22, 2024

    Extension and clarifications on the regulation of value-referenced cryptoassets

    On April 17, 2024, the Canadian Securities Administrators announced an extension for crypto trading platforms dealing with value-referenced cryptoasse...

    Read more
    Extension and clarifications on the regulation of value-referenced cryptoassets
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Awards and Recognition

  • 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

In the Media

  • Media Mentions Mar 10, 2024

    Big changes coming to how Canadians bank, but adoption likely to be slow – CityNews/Canadian Press

    Elizabeth Sale talks about open banking coming to Canada in a Canadian Press article by Ian Bickis.

    Read more
  • Media Mentions Mar 4, 2024

    Laure Fouin talks about FTX’s collapse and how Canadian regulators safeguard crypto assets – McGill Law Journal podcast

    The McGill Law Journal podcast invited Laure Fouin, partner, Corporate and Co-Chair of the Digital Assets and Blockchain Group, to address that issue,...

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  • Media Mentions Jan 5, 2024

    Lawrence Ritchie retires from FSRA Board

    Lawrence Ritchie has retired from the Financial Services Regulatory Authority of Ontario (FSRA) Board of Directors. He joined the newly-formed Board i...

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  • Media Mentions Sep 29, 2023

    Generative AI captured lawyers’ attention. But whatever happened to blockchain? – Legaltech News

    Regulatory updates on blockchain and cryptocurrency in countries including Canada and the U.K. means there is more work for lawyers.

    Read more
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