Lawyer Profile Detail

Candace Pallone




416 601-8168


[email protected]




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.

Ms. Pallone 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, Ms. Pallone was senior counsel with Royal Bank of Canada’s Capital Markets Transactions Services Group. While at the Bank, Ms. Pallone 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.

Ms. Pallone 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. She also appears in the current edition of the Canadian Legal Lexpert Directory, a guide to the leading law firms and practitioners in Canada, as a leading lawyer in the areas of asset securitization and derivatives law. She is also listed in The Best Lawyers in Canada in the area of derivatives law. In the current edition of Best Lawyers in Canada, Ms. Pallone received the distinction of "Lawyer of the Year," in the area of derivatives law.

Ms. Pallone 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.

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