Terry Hall - Cassels Brock & Blackwell LLP

Terry Hall

Listed in Best Lawyers since 2011
Phone: 416-860-2992

Terry Hall is a partner in the Financial Services Practice Group. His practice emphasizes regulatory and transactional matters involving financial service providers and suppliers to the financial sector. Terry frequently advises Canadian and non-Canadian financial institutions on the Canadian regulation of financial services, including the operation of credit, debit and payment card programs and other payment products and services, cost of credit disclosure, payments system issues and compliance matters. He is often retained to assist financial institutions and business clients with consumer credit transactions, commercial lending, outsourcing arrangements, anti-money laundering requirements and corporate governance. He has advised government and financial services industry clients on the development of legislation, transactions requiring regulatory approval, product development and regulatory compliance.

Terry has served as a special advisor in the financial institutions division of the Department of Finance Canada and as a senior advisor in the financial services policy branch of the Ontario Ministry of Finance. He also spent two years as in-house counsel in the Canadian offices of a multinational financial services conglomerate. Terry recently completed two years as a member of the Advisory Board of Payments eXchange Canada. In 2012 he was the first Canadian lawyer elected Fellow, American College of Consumer Financial Services Lawyers.

Terry's experience includes:

  • Advising a Canadian corporation on an application to establish a Schedule I bank
  • Advising a US bank on an application to establish a federally-incorporated trust company
  • Representing a Schedule II bank since its inception on regulatory compliance, outsourcing arrangements, corporate matters, its credit card program and other retail products
  • Advising a US-based multinational financial services company (and parent of a Canadian schedule II bank) on Canadian matters, the establishment of Canadian representative offices and the impact of Canadian financial institutions regulation
  • Advising a foreign bank on regulatory compliance in connection with its Canadian expansion and application to establish a Canadian branch, including the development of its anti-money laundering policy
  • Advising a major Schedule I bank on its standard documentation regarding correspondent banking and "white label" banking services provided to foreign banks (with or without Canadian presence)
  • Advising a leading supplier of electronic prepaid products on its Canadian expansion
  • Representing a Schedule I bank on its agreements to obtain outsourced banking services and back office support from another Schedule I bank and from a credit union central
  • Representing a Schedule II bank in its $650 million purchase of a credit card issuing business and portfolio
  • Advising US-based law firms and issuers of prepaid cards on Canadian payments system rules and consumer protection laws
  • Advising foreign banks and near-banks on requirements and applications for entry to the Canadian financial services sector
  • Active participant in ACT Canada (Advanced Card Technology Canada) and Payments Exchange Canada

Terry often writes for industry publications and speaks at industry events and seminars. His presentations and articles include:

  • Panel presentation/panel moderator on Caring for Compliance - Keeping on the Right Side of the Changing Law, 5th Annual Gift & Prepaid Retreat Canada, Prepaid Exchange Canada, June 6, 2012
  • Panel presentation on Recognizing and Assessing Risky Business for Compliant Financial Institutions, Governance, Risk & Compliance Forum, Thomson Reuters, May 3, 2012
  • Presentation on New Payment Solutions and Products: Creating a Resilient Compliance Program, 7th Annual Forum on Payments Compliance in Canada, The Canadian Institute, February 16, 2012
  • Presentation on Good Governance: Solutions for Operational Risk Management, 17th Annual Regulatory Compliance for Financial Institutions conference, The Canadian Institute, November 16, 2011
  • Presentation on Prepaid in Canada - Legal Landscape and Horizon, 4th Annual Gift & Prepaid Retreat, Global Prepaid Exchange, June 15, 2011
  • Panellist, Coping with Dodd-Frank: The New Wave of Consolidation and the Merging of Business Cultures, Premier Forum on Regulatory Compliance & Risk Management for Financial Services, American Conference Institute, May 6, 2011
  • Presentation on Cost of Credit Disclosure: Emerging Hurdles, Trends & Developments, Annual Forum on Payment Cards in Canada, The Canadian Institute, February 17, 2011
  • Presentation on Implementing an Outsourcing Relationship in Compliance with OSFI Guideline B-10, Conference on Regulatory Compliance for Financial Institutions, The Canadian Institute, November 18, 2010
  • Presentation on Evaluating the Impact of Key Legislative and Case Law Developments, 5th Annual Conference on Payment Cards in Canada, The Canadian Institute, February 23, 2010

To view Terry's complete profile, please click here.

Additional Information

American College of Consumer Financial Services Lawyers (Fellow) — Terry Hall is a Fellow of the American College of Consumer Financial Services Lawyers 
University of TorontoLL.B 1981
Payments Exchange CanadaACT Canada (Advanced Card Technology Canada) American College of Consumer Financial Services Lawyers

Office Location

Scotia Plaza, Suite 2100
40 King Street West
Toronto, ON M5H 3C2

Practice Areas

Banking and Finance Law

Other Information