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Paul Belanger
Partner, Toronto Office
Telephone
416-863-4284
Facsimile
416-863-2653
email
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Profile
Paul Belanger practises in the Corporate Law and Securities Groups in the Toronto office. His practice emphasizes the business, affairs and regulation of financial institutions, including life and property and casualty insurance companies, commercial banks, trust and loan companies, and other regulated and unregulated providers of financial services.
Paul is involved in all aspects of acquisitions, divestitures, reorganizations and joint ventures involving financial service providers, as well as product development and distribution matters, including internet banking and all aspects of the business of insurance.
Paul also advises on all manner of regulatory and structuring issues for financial service providers, including:
- Ownership structures
- Business powers
- Permitted investments and related structures in the context of consolidated supervision
- Corporate governance, and risk management policies and systems
- Inter-company agreements
- Cross-border structuring and delivery of services
- Outsourcing agreements
- Implementation of BIS standards for commercial banks
- Referral arrangements
- Money-laundering legislation
- Mortgage lender and broker licensing matters
Paul is recognized as most frequently recommended in The Canadian Legal Lexpert Directory 2010 in the area of banking law and ranked in Band 1 in Chambers Global: The World's Leading Lawyers 2010 in the areas of banking and finance. In Legal Media Group's Guide to the World's Leading Lawyers, he is recognized as a leading lawyer in the areas of banking, insurance and reinsurance. In The Best Lawyers in Canada 2010, Paul was voted by his peers as one of the leading lawyers in Canada in the area of banking law (regulatory).
In 2002, Paul was named one of Canada's "Top 40 Under 40" by Lexpert, a magazine for lawyers, in Lexpert's first such report. In 1991/92, Paul spent 18 months seconded to the financial institutions division of the federal government's Department of Finance, where he was engaged in the development and implementation of Canadian financial sector reform policy, including the regulation of institutions themselves, networking and distribution arrangements, and ownership policy.
Paul is Co-chair of the Firm's Pro Bono Committee.
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Areas of Law
Business
Corporate Finance & Securities Regulation
Financial Services
Mergers & Acquisitions
Insurance
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Education
Admitted to the Ontario Bar - 1988
LL.B., University of Western Ontario - 1986
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Media Appearances
Quoted -
"New Rules for Foreign Insurers to Take Effect",
Article by Julius Meinitzer, Law Times, October 19, 2009.
 Quoted -
"Bill Relaxes Rules Governing Foreign Insurers",
Article by Julius Meinitzer, Law Times, January 14, 2008.
 Quoted -
"Avoiding Death by Best Practices",
Canadian Underwriter, January, 2007.
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Recent Publications
Co-author - "Update on Financial Institution Legislation",
Blakes Bulletin on Financial Services, April 2010.
 Co-author - "Canadian Federal Government Extends Government-Guaranteed Debt Program",
Blakes Bulletin on Securities Regulation, March 2009.
 Co-author - "Competition Review Panel Report",
Blakes Bulletin on Competition Law, June 2008.
 Co-author - "Supreme Court of Canada Rules that Province of Alberta Can License Banks’ Promotion of Creditor Insurance",
Blakes Bulletin on Litigation, June 2007.
 Co-author - "Proposed Changes to the Financial Institution Legislative Framework",
Blakes Bulletin on Financial Services, December 2006.
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Recent Professional Activities
Steering Committee and Moderator -
"2009 Financial Services Invitational Forum",
Northwood Institution, Langdon Hall, Cambridge, Ontario, May 6-8, 2009. (annually since 2003)
 Presenter -
"Payment Cards",
Update on Regulatory Requirements, Blakes, January 27, 2009.
 Legal Advisor -
"Regulatory Affairs Committee",
Insurance Bureau of Canada, Toronto, Ontario, 2008 and 2009.
 Co-presenter -
"Financial Institution Governance Headaches: Avoiding Compliance Failures & Governance Blind-Spots",
9th Annual Regulatory Compliance for Financial Institutions, St. Andrew's Club and Conference Centre, Toronto, Ontario, September 19-20, 2007.
 Co-presenter -
"Payment Card Compliance in Canada",
The Canadian Institute's 2nd Annual Conference, Toronto, Ontario, February 15-16, 2007.
 Co-presenter -
"Compliance Overview",
Creditor Conference, Assurant Solutions, Toronto, Ontario, November 22, 2006.
 Presenter -
"Mastering Compliance in Outsourcing Relationships - Do You Have an Effective Plan in Place to Manage the Risks?",
The Canadian Institute's 12th Annual Regulatory Compliance for Financial Institutions, Toronto, Ontario, November 16, 2006.
 Panel Member -
"Emerging Issues",
Insurance Bureau of Canada, Regulatory Affairs Symposium, Toronto, Ontario, October 30, 2006.
 Moderator -
"Critical Corporate Matters/Emerging Issues",
Canadian Life and Health Insurance Association Inc., Montebello, Quebec, September 27-29, 2006.
 Presenter -
"Integrated Governance, Risk and Compliance",
8th Annual Regulatory Compliance for Financial Institutions, Toronto, Ontario, September 18-19, 2006.

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