Stephen Redican

Stephen J. Redican  


Executive Summary

Stephen Redican is BLG’s National Group Head, Specialized Business Law and a member of the Firm’s National Management Committee. He is a leading financial services lawyer, specializing in banking, financial institution regulation, FinTech, payment card and payment mechanisms, lending, structured finance, securitizations and derivatives. He is recognized nationally and internationally for his expertise in these areas.

Stephen was a member of the Partnership Board, the Firm's governing body, and the Toronto Regional Manager of the Specialized Business Law Group, which is comprised of the Financial Services Group, the Commercial Real Estate Group, the Intellectual Property Group and the Tax Group. Stephen is also the Co-Chair of the Firm's Innovation Thought Leadership Committee. 

Previously, Stephen was the Business Department Manager in the Toronto office, a member of the Toronto Regional Management Committee, the Manager of the Toronto Financial Services Group and the Toronto Regional Leader of BLG's Derivatives Group.

Representative Work

Financial Institution Regulation and Compliance

  • Representing and advising financial institutions, including foreign banks, Schedule I, II and III banks, trust companies, investment dealers, mutual funds, Crown corporations, and other financial service companies and their affiliates in a wide range of ongoing regulatory and compliance matters.
  • Has extensive experience under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and in decisions from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in connection with financing, lending, payment card issuing, payment card processing businesses and money services businesses.
  • Has particular experience under the Bank Act and the Trust and Loan Companies Act in applications to and orders and rulings from the Office of the Superintendent of Financial Institutions (OSFI).
  • Has detailed knowledge of cost of borrowing, credit business practices, privacy and consumer protection regulatory compliance requirements

Payment Cards, Payment Mechanisms and Loyalty Programs

  • Representing and advising financial institutions and other financial services providers with respect to payment card merchant processing, payment card issuing, consumer finance protection, outsourcing, reward programs, affinity programs and payments systems matters.
  • Representing and advising issuer and acquirer clients and mobile wallet providers on the Code of Conduct for the Credit and Debit Card Industry in Canada as well as Interac, Visa, MasterCard and Canadian Payments Association rules and requirements, including the Automated Clearing and Settlement System and the Large Value Transfer System.


  • Advising clients with respect to new mobile and online financial products and services including partnerships with financial institutions, FinTech organizations and other new and innovative financial services developments.


  • Representing lenders and borrowers in numerous secured and unsecured financing transactions; particular experience in syndicated loans, cross-border loans, asset-based loans, project finance, loans relating to acquisitions and loans to agri-business.

Structured Finance and Asset Securitization

  • Representing and advising financial institutions and corporations with respect to structured finance transactions and asset securitizations, including CMBS, MBS and rental portfolios, and the servicing and restructuring of securitization conduits.
  • Since inception in 2001, representing Canada Mortgage and Housing Corporation and Canada Housing Trust No. 1 with respect to and structuring the leading Canadian mortgage-based securitization program, the Canada Mortgage Bond Program.
  • Since inception in 2008, representing Canada Mortgage and Housing Corporation with respect to and structuring the $125-billion emergency bank funding Insured Mortgage Purchase Program involving purchases of insured mortgage pools from Canadian financial institutions.


  • Representing and advising banks, credit unions and other financial institutions, mutual funds, investment funds, corporations, municipalities, and hospitals with respect to derivatives transactions, including credit default swaps, equity forwards, commodity swaps, total return swaps and conventional swaps.

Publications & Presentations

Rankings & Recognitions

  • Recognized in the 2020 edition (and since 2017) of Chambers Canada Canada's Leading Lawyers for Business (Banking and Finance: Financial Services Regulation) and the 2019 edition (and since 2018) of Chambers Global (Canada, Banking & Finance: Financial Services).  As noted in the 2018 Chambers Canada guide, "Stephen Redican is well regarded for his impressive work in the credit card and fintech spaces. Market sources say he is an 'exceptionally good' lawyer with 'great subject matter expertise' who is 'extremely articulate and always willing to explain the regulatory environment in a clear and concise way.'"
  • Selected by peers for inclusion in the 2020 edition (and since 2012) of The Best Lawyers in Canada® (Banking and Finance Law).
  • Recognized as "Repeatedly Recommended" in the 2019 edition (and since 2017) of The Canadian Legal Lexpert® Directory (Banking & Financial Institutions).
  • Recognized as a 2019 and 2017 Acritas Star.
  • Recognized as "highly regarded" in the 2020 edition (and since 2018) and as a leading lawyer (Financial Services Regulatory) in the 2017, 2016, 2015 and 2014 editions​ of IFLR​1000 – The Guide to the World’s Leading Financial Law Firms.
  • Nominated by in-house counsel and peers to appear in the 2012, 2014, 2016 and 2018 editions of the Guide to the World's Leading Banking Finance and Transactional Law Lawyers​ in the field of Structured Finance and Securitization.
  • Recognized since 2005 by the Legal Media Group's Expert Guides series in the Guide to the World's Leading Structured Finance and Securitization Lawyers.