Date: May 25, 2016
Terry Hall
thall@casselsbrock.com
t: 416 860 2992
f: 416 350 6932
Toronto
Suite 2100, Scotia Plaza
40 King Street West
Toronto, ON
Canada
M5H 3C2
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
Author, A Guide to Canadian Money Laundering Legislation, 2009 Edition, LexisNexis, Markham,
December 2008
Presentation on Demystifying Cost of Credit Disclosure: Cross-Canada Insights and Concrete Examples,
Presentation on Demystifying Cost of Credit Disclosure: Cross-Canada Insights and Concrete Examples,
3rd Annual Conference on Payment Card Compliance In Canada, The Canadian Institute, February 14,
2008
Presentation on What You Need to Know About Money Laundering, Law Society of Upper Canada
Teleseminar, September 3, 2007
Presentation on New Products and New Issues: Understanding How Hybrid and Emerging Products Fit Into
the Regulatory Scheme , 2nd Annual Conference on Payment Card Compliance in Canada, The Canadian
Institute, February 15, 2007
Revision of chapter Negotiable Instruments and Payment Mechanics in the CCH Commercial Law Guide,
2006
Presentation on Examining the Different Types of Payment Cards and How They Fit into the Legislative
Landscape , at the Payment Card Compliance in Canada conference, The Canadian Institute, February
2006, Toronto
Co-leader and a course organizer for the Canadian Financial Institutions Regulation Course, February 2006
(and 2004, 2002, 2000, 1997, 1996), Toronto (Insight Information Inc.)
Presentation on Cost of Credit Disclosure at the Cassels Brock & Blackwell LLP client conference on
Ontario’s New Consumer Protection Act, June 2005
Presentation on Outsourcing by Financial Institutions at the Financial Institutions Regulatory Compliance
Summit, September 2004, Toronto (Insight Information Inc.)
Presentation on Canadian Payments System Developments, at the 7th Annual Conference on the
Regulation of Financial Institutions, September 2002, Toronto, (Infonex)
Presentation on Capital Adequacy for Canadian Property and Casualty Insurers, at the conference on
Capital Adequacy: Innovative and Emerging Capital Instruments, June 2002, Toronto (Insight Information
Inc.)
Presentation on Special Rules Applicable to Foreign Banks, at the conference on Financial Institution
Investment Powers: A Whole New Ball Game, November 2001, Toronto (Law Society of Upper Canada)
Co-chair of the conference on The Essential Curriculum in Banking Law and Practice, and presentation on
Bill C-8: Financial Services Reform, October 2001, Toronto (Osgoode Hall Law School of York University
Professional Development Program)
Presentation on Managing Risk When Outsourcing: Statutory and Supervisory Considerations, and a
co-leader of the Compliance Workshop for the Banking Industry, at the Financial Institutions Regulatory
Compliance Conference, September 2001, Toronto (Insight Information Inc.)
Author, An Overview of Banking Regulation in Canada, Global Banking and Financial Policy Review
2001/2002, Euromoney Yearbooks, 2001
Achievements
Fellow, American College of Consumer Financial Services Lawyers
Martindale-Hubbell, BV Distinguished™ rating
Canadian Legal Lexpert Directory 2009–2015 (Financial Institutions Regulation)
The Best Lawyers in Canada 2011–2016 (Banking and Finance Law)
Call to the bar
Ontario, 1983
Associations
American Bar Association
Canadian Bar Association
Ontario Bar Association
Expertise
Business
Financial Institutions Regulation
Financial Services
Insurance & Reinsurance - Corporate & Regulatory
Lending & Finance
Payments Industry