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Torys LLP

Banking & Finance: Financial Services Regulation

Canada Guide 2026 : Nationwide - Canada

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Torys LLP

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About

Provided by Torys LLP

Clients look to Torys for commercially-minded counsel to advance their financing objectives, with the long term always in view.

Torys' long history of involvement in Canada’s banking industry and its financing markets extends experience and perspective to our advice to lenders, private equity sponsors and borrowers in the public and private markets. Through our teams in Canada’s major financing markets in Toronto and Calgary, and our full-service office in New York, we offer integrated Canadian and U.S. services, industry-leading regulatory counsel, and a team known for creative first-of-kind structures tailored to clients’ needs.

We work closely with lending and borrowing clients on both discrete transactions and on ongoing financing requirements. We are also deal facilitators, which comes from a long track record of representing lenders and borrowers: we know the issues at play on all sides and help get deals done efficiently and in a way that grows relationships.

Having been involved in the creation of numerous federally regulated financial institutions and establishment of branches in Canada, we give strategic counsel through each stage of development: from the establishment and licensing of a new business or service, corporate governance arrangements and M&A, to distribution strategies and market conduct, as well as financial products.

We pride ourselves on our agility and perspective with new and uncharted aspects of the banking business. 

Chambers Review

Provided by Chambers

Banking & Finance: Financial Services Regulation - Nationwide - Canada

Band 1

What the Team is Known For

Torys has an excellent banking and finance practice which handles a broad spectrum of banking work from Toronto and Calgary, aided by the firm's office in New York. The group's experience includes advising on high-end acquisition finance and project finance matters, with further strength in secured and unsecured credit facilities relating to the energy, real estate and mining sectors. The team acts for a range of both lender and borrower-side clients, including leading domestic banks, insurance companies, international financial institutions and private equity funds. Furthermore, the firm's esteemed regulatory practice is notable for its advice regarding financial services M&A, new legislation and credit card programmes. The handling of digital payment matters complements the firm's excellent holistic offering.

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Work Highlights

Provided by Chambers

  • Torys acted for Orion Mine Finance in its project financing package to fund the development and construction of a rare earth project in Brazil.

Strengths

Provided by Chambers

  • The Torys team is highly knowledgeable with deep market credibility. They also act in a very commercial fashion.

    Banking & Finance: Financial Services Regulation respondentCanada

  • The lawyers bring decades of experience and understanding of the Canadian regulatory regime that is second to none.

    Banking & Finance: Financial Services Regulation respondentCanada

  • Torys has an understanding of our business and knows how to navigate through complex matters.

    Banking & Finance: Financial Services Regulation respondentCanada

  • The firm's banking and finance group has a depth of knowledge in financial services regulation and is on the leading edge of developments in this space, which has been invaluable.

    Banking & Finance: Financial Services Regulation respondentCanada

  • Torys has an experienced bench of top notch lawyers who have a deep track record of navigating through complex matters.

    Banking & Finance: Financial Services Regulation respondentCanada

Notable Practitioners

Provided by Chambers

  • Adam E Delean
    Adam E Delean

    Adam E Delean

    Adam Delean has an excellent track record of advising high-end banking clients on a wide variety of issues, including syndicated lending, acquisition finance and revolving credit facilities. He works out of Toronto.

    • Adam is a strong partner with a wealth of experience from working both on bank and client side. He gets our market and knows what it takes to get deals done.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Adam is excellent and brings a wealth of knowledge to the table. He has an incredible ability to practically drive negotiations in a commercial way.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Adam is a wonderful person to work with.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Blair W Keefe
    Blair W Keefe

    Blair W Keefe

    Blair Keefe is one of the most accomplished figures in the area of financial services regulation in Canada. He is frequently sought out by leading domestic and multinational institutions for his strength in the regulatory aspects of M&A transactions in the financial sector. Based in Toronto, he is the co-head of Torys' financial services and bank regulatory practices.

    • Blair is very practical and offers to the point advice. He is very aware of what is market.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Blair is the preeminent Bank Act lawyer in the country. He is a pleasure to deal with and always does his best to find a business-focused solution.

      Banking & Finance: Financial Services Regulation respondentCanada

    • If you have a complex or high-stakes regulatory matter, Blair is the lawyer you want.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Amanda Balasubramanian
    Amanda Balasubramanian

    Amanda Balasubramanian

    Amanda Balasubramanian co-leads the banking and debt finance practice from the firm's Toronto office. She is regularly involved in major project financing and credit facility initiatives, with her recent work involving a number of public sector clients.

    • She is practical and has good experience on the regulatory side.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Amanda is a very strong lawyer. She is thoughtful with her approach.

      Banking & Finance: Financial Services Regulation respondentCanada

    • She is a great and collaborative lawyer.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Eli Monas
    Eli Monas

    Eli Monas

    Eli Monas regularly assists with the regulatory aspects of M&A transactions in the banking sector. His client roster includes prominent banks, credit unions and non-bank financial services companies. He is based in Toronto.

    • Eli provides very practical legal advice and has deep industry expertise.

      Banking & Finance: Financial Services Regulation respondentCanada

    • He has deep knowledge both in terms of his legal expertise and his knowledge of the regulators and market within which we operate.

      Banking & Finance: Financial Services Regulation respondentCanada

    • His advice is always practical and shrewd.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Kevin A Fougere
    Kevin A Fougere

    Kevin A Fougere

    Calgary-based lawyer Kevin Fougere is well versed in acting for borrowers and is especially prominent in project financing transactions in the energy sector. He also assists with debt financing mandates.

    • He has extensive experience and has built out a very admirable practice.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Kevin is a great practice leader.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Tom Zverina
    Tom Zverina

    Tom Zverina

    Toronto-based lawyer Tom Zverina holds expertise which encompasses an impressive range of project finance mandates.

    • Tom is viewed as being a universally strong lawyer.

      Banking & Finance: Financial Services Regulation respondentCanada

    • Tom is highly practical, client-oriented and experienced.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • David Ferris
    David Ferris

    David Ferris

    Toronto-based David Ferris regularly advises lenders on high-profile refinancing transactions. He is well accustomed to acting for lending syndicates comprising international and major Canadian banks.

    • David is an excellent technician and a pleasure to work with.

      Banking & Finance: Financial Services Regulation respondentCanada

    • He is a supportive partner in managing global complex transactions.

      Banking & Finance: Financial Services Regulation respondentCanada
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  • Nina Mansoori
    Nina Mansoori

    Nina Mansoori

    Nina Mansoori has deep experience in corporate banking, leveraged finance and structured finance. In particular, she deals with a wide range of Canadian and cross-border debt financings.

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Ranked Individuals at Torys LLP (8)

Nationwide - Canada

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Provided by Torys LLP

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