We are uniquely positioned to help you navigate Canada’s highly competitive and regulated financial services industry. We assemble the best teams to handle commercial and corporate loan transactions, insolvency and restructuring matters as well as other complex commercial transactions, including mergers and acquisitions, joint ventures and partnering.
Our multidisciplinary structure allows us to cater to the specific needs of organizations of the Financial Services industry by working with lawyers with an acute comprehension of the industry and a vast experience of their specialized areas of law such as:
As Canada’s law firm, we pride ourselves in advising all of the nation’s largest banks as well as U.S. and other foreign financial institutions. We serve many other leading financial institutions including Schedule I, II and III banks, insurance companies, credit unions, pension and other funds in all specialized area related to the Financial Services sector.
We offer expertise in:
At the heart of every M&A opportunity is an ambition — to harness a market opportunity, to forge a new partnership, to shape growth on your terms. Strengthen and support your goals, backed by BLG’s strong regulatory acumen and deep expertise in the sectors driving the Canadian economy today and tomorrow.
Canada’s Retail Payment Activities Act: Do you need to register? ARTICLE
Private real estate investment trusts A smart plan for business growth ARTICLE
Public consultation: Proposed new measures for the banking sector and consumer protection ARTICLE
Harmonized sanction guidelines and more: CIRO releases 2023-2024 enforcement report ARTICLE
Canada’s new criminal interest rate to take effect Jan 1, 2025 ARTICLE
Sanctions evasion reporting under Canada’s anti-money laundering and anti-terrorist financing regime ARTICLE
Reappointing a receiver: Lessons from Grant Thornton and the Lexin Group ARTICLE
Introducing Canada’s Open Banking Law: The Consumer-Driven Banking Act ARTICLE
How to get ready for legal managed services: 5 essential steps for commercial leasing teams ARTICLE
What’s new in Canadian taxation for life sciences? ARTICLE
Court grants receivership application over competing CCAA application ARTICLE
SCC revisits principles applicable to bank guarantees and confirms pro-arbitration stance by upholding an ICC tribunal’s order ARTICLE
2024 Federal Budget: Money Talks ARTICLE
New hope: Federal government announces Federal Indigenous Loan Guarantee Program ARTICLE
When is a Financial Institution not a Financial Institution: CRA Announces New Administrative Positions on FATCA/CRS Compliance ARTICLE
Responsible use of artificial intelligence: Best practices for Canadian asset managers ARTICLE
Ontario Court of Appeal grants priority to senior secured lender in equipment lease dispute ARTICLE
Prepare to comply with OSFI’s new Integrity and Security Guideline ARTICLE
Know when to fold ‘em: Special bulletin on money laundering through online gambling sites ARTICLE
Mantle decision: Alberta courts approach to CCAA proceedings ARTICLE
Tax evasion in Canada: The balancing act of bankruptcy and confidentiality ARTICLE
Insolvency insights: Lack of transparency through the court’s lens ARTICLE
New trust reporting rules are now in effect ARTICLE
Banking technology trends: The use of AI in Canadian financial institutions ARTICLE
M&A trends for Canadian asset managers: BLG’s observations and insights looking ahead to 2024 ARTICLE
Four-step test for PSPs: First supervisory policies to describe registration criteria for Retail Payment Activities Act ARTICLE
The managed service at the intersection of property management and commercial leasing ARTICLE
Alberta and Canada move forward with carbon capture, utilization and storage incentives ARTICLE
Fix announced for “government assistance" tax problem regarding low-interest loans ARTICLE
Making gifts of the Right of Survivorship: Jackson v. Rosenberg, 2023 ONSC 4403 ARTICLE
The Charter, contempt, and unreasonable delay in a bankruptcy context ARTICLE
BC Supreme Court rejects investor’s claim against self-directed brokerage ARTICLE
Canada’s Retail Payment Activities Framework to take off in November 2024 ARTICLE
Bill C-45 Legislative updates provide enhanced support to First Nations Financial Management ARTICLE
Lifetime capital gains exemption: Extract nearly $1 million tax free in 2023 ARTICLE
Court orders delivery of tax planning memo prepared by accountants to CRA ARTICLE
Law Society of Alberta v Higgerty: Non-creditors appointments under the Judicature Act ARTICLE
Their fraud, my mistake, your loss? UK Supreme Court rejects fraud victim’s “duty to inquire” claim against her bank ARTICLE
CIRO requests comments on major changes to Investment Dealer Approved Person proficiencies ARTICLE
Six ways technology can enhance legal services in the leasing industry ARTICLE
CSA publishes guidance on Public Crypto Funds – What fund managers need to know ARTICLE
British Columbia financial institutions legislative and regulatory reporter ARTICLE
Federal financial institutions legislative and regulatory reporter - June 2023 ARTICLE
British Columbia’s Money Services Businesses Act receives royal assent ARTICLE
British Columbia financial institutions legislative and regulatory reporter ARTICLE
Solicitor’s reporting letters validated as list “will” of client: Re McGavin Estate, 2023 BCSC 819 ARTICLE
British Columbia financial institutions legislative and regulatory reporter ARTICLE
Court grants relief for Armstrong Flooring Canada Ltd. and Affiliates as proceedings conclude ARTICLE
Federal financial institutions legislative and regulatory reporter - March 2023 ARTICLE
Prepare for change: OSFI's Updated B-10 guideline reinforces third-party risk management requirements ARTICLE
Recovering stolen money after a business email compromise scam ARTICLE
British Columbia financial institutions legislative and regulatory reporter ARTICLE
Federal Budget 2023: A masterclass in increasing taxes without increasing rates ARTICLE
British Columbia Financial Institutions Legislative and Regulatory Reporter - February 2023 ARTICLE
Investment Canada Act aims to protect national security: How to enhance foreign M&A success ARTICLE
Emphasizing risk culture in financial institutions: OSFI releases draft Culture and Behaviour Risk Guideline ARTICLE
B.C. Court of Appeal: Financial institutions may have a duty to warn customers about known financial scams ARTICLE
Retail payments supervision: Canada takes big step forward in regulating payment service providers ARTICLE
Crypto winter: Navigating signs of financial stress ARTICLE
Federal financial institutions legislative and regulatory reporter – June - November 2022 ARTICLE
British Columbia Financial Institutions Legislative and Regulatory Reporter – November 2022 ARTICLE
Canada makes welcome amendments to the Income Tax Act for EIFEL rules ARTICLE
UCC Article 12 – A sensible framework for secured transactions involving cryptocurrencies or other digital assets ARTICLE
Changes to the CRA’s FATCA/CRS guidance for financial accounts held by trusts ARTICLE
Benchmark Replacement in Canada: From CDOR to CORRA ARTICLE
British Columbia Reporter - Financial institutions legislative and regulatory - October 2022 ARTICLE
Credit card surcharges in Canada: what you need to know ARTICLE
Financial institutions legislative and regulatory reporter British Columbia - September 2022 ARTICLE
Using voice printing for authentication purposes – takeaways from the Rogers decision ARTICLE
Proposed access-based model for investment funds financial disclosure ARTICLE
Winter and FATCA/CRS audits are coming for financial institutions ARTICLE
FSB releases its final report on climate-related financial risk ARTICLE
Sweeping changes to the regulation of mortgage brokers in B.C. ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - July and August 2022 ARTICLE
Show us the money: Net zero financing for Canadian businesses (Energy Disruptors Day 3) ARTICLE
5 ways to be a change-maker: Energy Disruptors conference Day 2 ARTICLE
3 lessons from Energy Disruptors Unite Day 1: Where we’re headed and how we’ll get there ARTICLE
Ontario Superior Court of Justice: word of caution regarding sealing orders ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia ARTICLE
Cullen Commission Final Report: Potential impact for financial services providers ARTICLE
Federal financial institutions legislative and regulatory reporter – May 2022 ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - March and April 2022 ARTICLE
Review of recent Québec Court of Appeal decisions on consumer protection ARTICLE
New high cost credit legislation in British Columbia perspectives from Québec ARTICLE
2030 Emissions reduction plan and Canada’s journey to net zero ARTICLE
An overview of the federal and Québec consumer protection regimes governing certain financial products and services ARTICLE
Update concerning the Credit Assessment Agents Act: a new AMF guideline ARTICLE
Federal financial institutions legislative and regulatory reporter – February 2022 ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - February and March 2022 ARTICLE
Decisions on secured lenders rights and remedies in 2022 ARTICLE
Official languages and Bill C-13: our analysis for federally regulated private businesses ARTICLE
Federal financial institutions legislative and regulatory reporter – January 2022 ARTICLE
Obligations of financial services providers and payment services providers under the Emergencies Act Order ARTICLE
B.C. Financial Institutions Legislative and Regulatory Reporter – January 2022 ARTICLE
A business acquisition strategy put to the test in the context of a proposal ARTICLE
IFRS joins the fight to protect investors from climate risk ARTICLE
Federal financial institutions legislative and regulatory reporter – December 2021 ARTICLE
Shorter offering timelines and reduced deal risk: CSA introduce new blanket orders ARTICLE
Federal financial institutions legislative and regulatory reporter – November 2021 ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - November 2021 ARTICLE
Financial services regulatory: Consultations on climate-related risks ARTICLE
Federal financial institutions legislative and regulatory reporter – October 2021 ARTICLE
COP26: The future of financial services ARTICLE
Mandatory climate-related disclosure heats up: the CSA seeks comments on national instrument ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - September and October 2021 ARTICLE
Financial services playbook to COP26 and climate finance ARTICLE
TCFD: Tie board & management compensation to climate goals + 6 more new metrics ARTICLE
TCFD implementation: the shifting landscape of climate change policy in North America ARTICLE
Federal financial institutions legislative and regulatory reporter – September 2021 ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - August 2021 ARTICLE
Federal financial institutions legislative and regulatory reporter – August 2021 ARTICLE
British Columbia financial institutions legislative and regulatory reporter - July 2021 ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter - July ARTICLE
Federal financial institutions legislative and regulatory reporter – June 2021 ARTICLE
British Columbia financial institutions legislative and regulatory reporter – June 2021 ARTICLE
B.C. financial institutions legislative & regulatory reporter – May 2021 ARTICLE
Federal financial institutions legislative and regulatory reporter – May 2021 ARTICLE
Canada's new retail payments oversight framework: Draft legislation is finally published ARTICLE
Financial institutions legislative and regulatory reporter - British Columbia - April 2021 ARTICLE
Federal financial institutions legislative and regulatory reporter – April 2021 ARTICLE
Federal financial institutions legislative and regulatory reporter – March 2021 ARTICLE
The Legal Side of Raising Capital with Julie Bogle PODCAST
ESG and sustainable finance opportunities in Canada ARTICLE
Greenhouse gas offset market – the missing piece in Canada’s carbon economy – is here ARTICLE
Federal financial institutions legislative and regulatory reporter – January and February 2021 ARTICLE
Provincial and federal financial institution regulation – 2020 in review ARTICLE
Noteworthy 2020 GST/HST developments for corporate commercial operators ARTICLE
Noteworthy 2020 GST/HST developments for the Financial Services Industry ARTICLE
Federal financial institutions legislative and regulatory reporter – November 2020 ARTICLE
Federal financial institutions legislative and regulatory reporter – October 2020 ARTICLE
Peaks and valleys: MEC’s struggle to survive in a hostile retail market ARTICLE
Federal financial institutions legislative and regulatory reporter - September 2020 ARTICLE
COVID-19 and Ontario mortgage enforcement practices ARTICLE
Federal financial institutions legislative and regulatory reporter - August 2020 ARTICLE
Coffee Break with BLG : Session 1 VIDEO
Federal financial institutions legislative and regulatory reporter - July 2020 ARTICLE
BC Financial Services Authority’s rule-making powers and procedure now in force ARTICLE
Ontario Court of Appeal opens door to novel duty of care for fund managers ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter - April, May and June 2020 ARTICLE
SCC opens doors to litigation funding in insolvency proceedings ARTICLE
FINTRAC: New guidance on filing suspicious transaction reports “as soon as practicable” ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
COVID-19: Seven things directors should consider in a crisis ARTICLE
Preparing for open banking: Lessons from the U.K. PERSPECTIVE
BCFSA-Changing-BCs-regulatory-framework-for-financial-institutions ARTICLE
Private Equity Rollups: Strategic Considerations ARTICLE
Open banking in Canada: Navigating the future of money PERSPECTIVE
Ontario Court of Appeal Confirms that Class Members Lack Standing to Appeal Settlement Approval Decisions ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter - September and October 2019 ARTICLE
IIROC Releases Bulletin on Limitation of Liability & Exclusionary Clauses ARTICLE
Canadian Financial Institutions to Assume New Human Rights Obligations ARTICLE
FINTRAC Issues Final Guidance for Non-Face-To-Face Verification Using Identification Documents ARTICLE
Ontario to Review Securities Act ARTICLE
Duty of Good Faith and more Changes to the BIA and CCAA via the Budget Implementation Act 2019 No1 ARTICLE
How to protect suppliers from defaulting or insolvent payers ARTICLE
Federal-Financial-Institutions-Legislative-and-Regulatory-Reporter-May-and-June-2019 ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
Where To Register Your Security After June 1, 2019 ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter — April 2019 ARTICLE
Amendments to Monthly Sanction Reporting Requirements ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — March 2019 ARTICLE
Important Privacy Commissioner Consultation Impacting Cross-Border Dataflows and Outsourcing ARTICLE
Advance Tax Credit Financing ARTICLE
Alberta Court of Appeal Confirms Superpriority for Receiver’s Fees and Costs ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — February 2019 ARTICLE
Canada & U.S.: Progress on cryptocurrency securities regulation ARTICLE
Update on Changes to the Canadian Payments Act ARTICLE
Navigating the Blockchain Revolution – Cryptocurrencies may be traced, but to where and whom? ARTICLE
OSC Seeks Input On Ways To Reduce Regulatory Burdens ARTICLE
OSC Seeking Public Comment On Reducing Unnecessary Regulatory Burden ARTICLE
Blockchain 101 PODCAST
Federal Financial Institutions Legislative and Regulatory Reporter — November and December 2018 ARTICLE
Data Privacy: How Much Consent is Enough Consent? ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — October 2018 ARTICLE
What happens when you pay premiums on your spouse's life insurance and unbeknownst to you he changes the beneficiary designation to someone else? ARTICLE
ISDA Reveals Framework for Smart Derivatives Contracts ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — September 2018 ARTICLE
Mutual Fund Embedded Compensation: the Expected, the Dramatically Unexpected and What's Next? ARTICLE
OSFI Finalizes Corporate Governance Guideline ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — August 2018 ARTICLE
Dealing with Digital VIDEO
Federal Financial Institutions Legislative and Regulatory Reporter — July 2018 ARTICLE
Will the Coffey Class Action have a Ripple Effect? ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter — May And June 2018 ARTICLE
Blockchain and Cryptocurrency PODCAST
Department of Finance Proposes Significant Amendments to AML/ATF Regulations ARTICLE
L’ARQ voit son pouvoir étendu afin d’obtenir des institutions financières hors du Québec des informations concernant un contribuable ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter — April 2018 ARTICLE
Department of Finance Launches Consultations on the Canadian Payments Act ARTICLE
Interesting Overdraft Charge Decision – Criminal Rates of Interest Class Action Successful at Summary Trial ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — March 2018 ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — February 2018 ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter — January 2018 ARTICLE
Updating Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime ARTICLE
Prepaid Cards: Deposit Accounts? Or Something Else? Answer: It depends. ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter — December 2017 ARTICLE
Investment Restrictions for Public Investment Funds — At a Glance! ARTICLE
Canadian Competition Bureau Releases Draft FinTech Report for Public Consultation ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
CRA Defers Implementation Date for Application of Advantage Rules to Investment Management Fees ARTICLE
Department of Finance Launches Second Round of Consultations on Reform of Federal Financial Institution Statutes ARTICLE
Canadian Government Tables Bail-In Regulations ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
New and Bold Decision by the Ontario Superior Court of Justice… Who Madoff with the Money ARTICLE
Regulation of Payment in Service Providers in Canada: Proposal for a New Retail Payments Regulatory Regime ARTICLE
FINTRAC Update — Methods to Ascertain the Identity of Individual Clients ARTICLE
New Amendments to Consumer Credit Provisions of Québec's Consumer Protection Act ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter - April 2017 ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter ARTICLE
Canadian Business Conduct Rules for Derivatives Dealers ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter ARTICLE
OSFI Issues Draft Guideline E-23 for Public Consultation on Enterprise-Wide Model Risk Management ARTICLE
Creation Of A New Financial Services Regulator In Ontario - 29 November ARTICLE
Creation Of A New Financial Services Regulator In Ontario - 15 November ARTICLE
Canadian Bank Regulators Clarify Promotion Of Comprehensive Credit Insurance In Bank Branches ARTICLE
Fraudulent Misrepresentation To Receivers And Beyond: Meridian Credit Union Limited V Baig ARTICLE
Canada Undergoes Review Of The Deposit Insurance Framework ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter ARTICLE
Canadian Regulators Grant Exemption to Allow "Notice and Access" for Investment Fund Securityholder Meetings ARTICLE
Canada Begins Process of Updating Federal Financial Institution Legislation ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
Canadian Bank Regulator Issues Final Guidance on Operational Risk Management ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter ARTICLE
The Cost of Compliance in Alberta is Going Up — ASC Adopts New Participation Fee for Reporting Issuers and Changes Other Fees ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter - April 2016 ARTICLE
Federal Financial Institutions Legislative and Regulatory Reporter - November 2016 ARTICLE
Proposed Amendments To The Credit Unions And Caisses Populaires Act, 1994 (Ontario) ARTICLE
Canadian Government Tables Bail-In Legislation ARTICLE
National Instrument 31-103 At A Glance (Updated!*) ARTICLE
Federal Financial Institutions Legislative And Regulatory Reporter ARTICLE
FCAC Issues New and Amended Draft Guidance Documents On the Code of Conduct for The Credit and Debit Card Industry in Canada ARTICLE
BLG 2016 Canadian Financial Institutions Regulatory Outlook ARTICLE
The Final Version Of Guideline E-22 — Margin Requirements For Non-Centrally Cleared Derivatives — What's New? ARTICLE
Court Rules Banks Not Liable For Converting Cheques To Non-Existing / Fictitious Payees ARTICLE
Bank liable for allowing continued access to electronic banking facilities after notice of breach ARTICLE
Proposed Canadian Rule on Customer Clearing and Protection of Customer Collateral and Positions ARTICLE
Court upholds Securities Commissions’ power to compel and share evidence ARTICLE
Ontario Considers Elimination Of 30% Corporate Control Limit ARTICLE