Banking and Financial Services Banking and Financial Services

A new KYC requirement may be coming to a credit agreement near you

On May 11, 2018, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued the Customer Due Diligence Requirements for...

At-the-market (ATM) offerings using the Multijurisdictional Disclosure System (MJDS)

An at-the-market (ATM) program may be just the right way to raise additional equity capital quickly and inexpensively.

Ontario’s 2018 budget emphasizes expanded consumer and investor protection tools

On March 28, 2018, the Ontario Liberal government released its 2018 budget (the 2018 Budget). As part of a broader emphasis on consumer and investor...

Canada publishes final bail-in regulations

On March 27, 2018, the Government of Canada released the final version of the bail-in regulations under the Bank Act and the CDIC Act (Bail-in...

Canadian financial sector legislation renewal – Amendments to Bank Act, Insurance Companies Act and Trust and Loan Companies Act

In February 2018, the Canadian federal government had indicated, as part of its budget plan, that it intends to modernize the financial sector...

Court of Appeal upholds significant OSC insider trading decision in Finkelstein

On January 25, 2018, the Ontario Court of Appeal released its decision in the high-profile Finkelstein v Ontario Securities Commission case,...

Blockchain and smart contracts, cloud computing and agile development

This past year saw the acceleration of transformational technologies that are increasingly impacting businesses as well as broader society.

Financial regulatory landscape is evolving to protect consumers: A post-Wells Fargo world

Following revelations about Wells Fargo’s sales practices, Canadian regulators have launched many reviews, which could lead to big changes in the...

Recent developments in U.S. leveraged finance – November 2017

The fourth quarter of 2017 has given rise to at least three developments of interest to the U.S. leveraged lending community.

The SCC considers who bears the risk of a fraudulent cheque: the drawer or the bank?

In Teva Canada Ltd. v. TD Canada Trust, the Supreme Court of Canada clarified the “fictitious” or “non-existent” payee defence to the tort of...