Barry Ryan > McCarthy Tétrault > Toronto, Canada > Lawyer Profile

McCarthy Tétrault
66 Wellington Street West
Suite 5300, TD Bank Tower Box 48
Toronto ON M5K 1E6

Work Department

Banking & Finance


Counsel in Financial Services Group. Focus on financial institutions regulation, debt financings and credit restructurings. Acts for various foreign and domestic financial institutions with respect to a range of financial services regulatory applications and advice. Leading expertise in financial institution regulatory capital offerings and public sector pension plan debt funding, having acted recently as counsel on capital offerings by Bank of Montreal, Royal Bank, National Bank, Canadian Western Bank, Sunlife, Manulife, Intact, Empire Life, Industrial Alliance, OMERS, CPPIB and Ontario Pension Board, among others.

Specific illustrative retainers: acted for syndicate of dealers on a new capital offering structure by Royal Bank of $1.75 Billion Limited Recourse Capital Notes; for OMERS and OMERS Finance Trust on more than $6 Billion of debt financings in the global and domestic capital and bank markets; for lenders on $2 Billion emergency liquidity facility to Home Capital; for Bruce Power on its multibillion dollar debt program in the bond and bank markets; for Big 5 Canadian banks in the $32 billion ABCP restructuring. Acting for eight years for industry group consisting of major Canadian and foreign banks as well as institutional investors on Canadian derivatives regulatory reform.


Ontario Bar, 1983.

Lawyer Rankings

Canada > Banking and finance

(Leading individuals)

Barry RyanMcCarthy Tétrault

McCarthy Tétrault’s comprehensive financial services practice is rated market-wide for its expertise in all core areas of banking and finance. Widely acknowledged as a market leader for project finance, the group also brings to bear strong skill sets in traditional corporate lending, debt capital markets, fintech and regulatory matters, including litigation. The team acts for a diverse portfolio of clients and is a fixture on bank-side mandates for major local and international financial institutions; it is also consistently instructed by trust companies, insurance companies and corporate borrowers. Richard Higa in Toronto is recognized for his close bank relationships; he recently advised CIBC, as lead arranger, on a C$2.6bn financing to support the C$4.8bn acquisition of Northview Apartment REIT by Starlight Investments and KingSett Capital. Justin Lapedus is active in a range of lender and borrower-side transactions; he counts corporate borrowers, private equity funds and financial institutions among his key clients. Stephen Furlan is also noted in Toronto for his strong track record in project finance deals. Other key transactional contacts include Joseph Palin in Calgary, who is recommended for energy-related work, and Montréal-based Michel Deschamps Ad E and Marie-France Gagnon, who spearheads the Quebec business law practice. On the regulatory front, Toronto-based fintech specialist Ana Badour advises a mix of government departments, financial industry associations and banks on financial institution regulatory matters. Barry Ryan in Toronto is also highly regarded for his senior expertise in regulatory and transactional matters; he recently stepped down to counsel but still co-heads the bank regulatory group together with Badour. Marc MacMullin now solely steers the wider financial services group from Toronto; he focuses on structured finance, asset-backed programmes and covered bond transactions. The firm has offices across Canada, as well as robust international footholds in London and New York.