This is a photo of Candace Pallone photo

Candace
Pallone

Counsel

Toronto

Contact by email at [email protected]

t. 416 601-8168

3161

Bar Admission

Ontario, 1994

Candace M. Pallone is a Counsel in our Financial Services group, specializing in derivatives. Her practice area focuses on structured products, securitizations, covered bonds transactions and derivatives transactions and regulation.

Candace acts on behalf of nine Canadian Schedule I Banks as well as many of their corporate clients and global bank counterparties. She has extensive experience in all aspects of OTC derivative transactions, including the collateralization of such transactions, for all asset classes including credit, fixed income, interest rate, commodity, foreign exchange and equity. Her recent transactions include working extensively on behalf of the Canadian Market Infrastructure Committee in connection with the regulation of OTC derivatives in Canada, acting on behalf of five of Canada’s Schedule I Banks in connection with the restructuring of the Canadian non-bank sponsored asset-backed commercial paper market, acting for Canadian bank issuers in connection with the swap-related aspects of covered bond transactions and assisting a clearing corporation in amending its membership rules to permit the clearing of repo transactions.

Prior to joining McCarthy Tétrault in 2006, Candace was senior counsel with Royal Bank of Canada’s Capital Markets Transactions Services Group. While at the Bank, she provided legal support to the trading desks and to the operations and risk management groups in all aspects of derivative and capital markets transactions for nine years.

Candace is a frequent speaker at conferences and courses on derivatives and collateral issues, most recently at the International Swaps and Derivatives Association, Inc.’s Derivatives 2014 – A Comprehensive Overview including Regulatory and Product Updates conference.

Candace holds a BA in Accounting and an LLB from Osgoode Hall Law School. She is also a retired Chartered Accountant (1988) and was with Deloitte and Touche from 1984 to 1989.