Outsourcing business activities, functions and processes for federally regulated financial institutions in Canada

March 2010 Authors: Robert L. Percival, Jacques Lemieux, Marc A. Tremblay

Contacts

Introduction

During the past year, Canada has been cited worldwide in the financial community as an example of stability of its financial systems and one of the few OECD countries to escape government bailouts of its financial institutions. One of the reasons put forward for such stability was Canada’s conservative and comprehensive approach in regulating its financial institutions when compared with other countries.

Read the full publication.

The purpose of this publication is to provide information as to developments in the law. It does not contain a full analysis of the law nor does it constitute an opinion of Norton Rose OR LLP on the points of law discussed.

No individual who is a member, partner, shareholder, director, employee or consultant of, in or to any constituent part of Norton Rose Group (whether or not such individual is described as a “partner”) accepts or assumes responsibility, or has any liability, to any person in respect of this publication. Any reference to a partner means a member of, as the case may be, Norton Rose LLP or Norton Rose Australia or Norton Rose OR LLP or Norton Rose South Africa (incorporated as Deneys Reitz Inc) or a consultant or employee of Norton Rose LLP or Norton Rose Australia or Norton Rose OR LLP or Norton Rose South Africa (incorporated as Deneys Reitz Inc) or one of their respective affiliates with equivalent standing and qualifications.