Eli Monas

Eli specializes in corporate law, focusing on the intricate regulatory frameworks governing financial institutions. His expertise extends to guiding both domestic and international clients through the legal complexities of financial regulation, making him a sought-after advisor in the financial sector. His tenure includes a pivotal six-month secondment at the Office of the Superintendent of Financial Institutions, enhancing his proficiency in banking and insurance regulation, consumer protection, and payment systems.

In his practice, Eli has played key roles in major transactions, such as the monumental £7.2 billion acquisition of RSA Insurance Group by Intact Financial, where he provided crucial insurance regulatory counsel. His involvement in TMX Group's C$165 million acquisition of AST Investor Services Inc. (Canada) showcases his capability in navigating corporate acquisitions within the financial services landscape.

Eli was instrumental in the formation of Interac Corp., advising a consortium of Canadian financial institutions on the consolidation of Interac Association and Acxsys Corporation. His work with Innovation Federal Credit Union on becoming a federal credit union under the Bank Act and assisting the Bank of Montreal with acquiring the AIR MILES Reward business from LoyaltyOne, Co. highlight his versatility in handling a range of financial transactions and regulatory approvals.

Recognized by Chambers Canada and Chambers Global for his leadership in banking and finance regulation, Eli's accolades include being named a Rising Star by IFLR1000 and a Next Generation Partner by The Legal 500. His contributions to the field are further acknowledged by The Canadian Legal Lexpert Directory and Expert Guides.

Eli's insights into the financial industry's regulatory environment are invaluable, as seen in his analysis of the criminal interest rate regulations and the comprehensive review of the Financial Institutions Acts. His commentary on OSFI's supervisory approach and trends in insurance transactions reflects his deep understanding of the sector's evolving landscape.

Beyond his practice, Eli contributes to the legal community as the co-editor of the National Banking Law Review and co-author of Carswell’s Consolidated Bank Act. His academic credentials, including an LLB from the University of Ottawa Faculty of Law and a BBA with distinction from the Schulich School of Business, York University, underpin his legal acumen. Admitted to the Ontario bar in 2010, Eli's career is marked by a commitment to excellence in financial regulatory law.