| REPORT OF THE COMMITTEE | MONDAY, December 9, 2002 |
The Standing Senate Committee on Banking Trade and Commerce
has the honour to present its
FIFTH REPORT
Your Committee, which was authorized by the Senate on
Tuesday, October 29, 2002, to examine and report on the
public interest implications for large bank mergers, respectfully
requests that it be empowered to engage the services of such counsel and
technical, clerical and other personnel, as may be necessary, for the purpose of
such study.
Pursuant to
Section 2:07 of the Procedural Guidelines
for the Financial Operation of Senate Committees, the budget submitted to
the Standing Committee on Internal Economy, Budgets and Administration and the
report thereon of that Committee are appended to this report.
Respectfully submitted,
LEO KOLBER
Chairman
STANDING
SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE
SPECIAL STUDY – BANK MERGERS
APPLICATION
FOR BUDGET AUTHORIZATION
Extract
from the of Journals of the Senate of
October 29, 2002:
“Resuming debate on the motion of the Honourable Senator Kolber,
seconded by the Honourable Senator Maheu:
That the Standing Senate Committee on Banking, Trade and Commerce be authorized to study the public interest implications for large bank mergers on:
- Access for Canadians throughout the country to convenient and quality financial services;
- The availability of financing for individuals and businesses, particularly small and mid-sized businesses;
- The Canadian economy and the ability of Canadian business to compete internationally;
- Communities and bank employees; and
- Any other related issues;
That the Committee be empowered to permit coverage by electronic media of its public proceedings with the least possible disruption of its hearings; and
That the Committee submit its final report no later than March 31, 2003.
The question being put on the motion, it was adopted.
Paul
C. Bélisle
Clerk
of the Senate
APPENDIX
(B) TO THE REPORT
Thursday, December 5, 2002
The
Standing Committee on Internal Economy, Budgets and Administration has examined
the budget presented to it by the Standing Senate Committee on Banking, Trade
and Commerce for the proposed expenditures of the said Committee for the fiscal
year ending March 31, 2003 for
the purpose of its Special Study on public interest implications for large bank
mergers, as authorized by the Senate on Tuesday, October 29, 2002. The
said budget is as follows:
Professional and Other
Services
$ 3,000
Transportation and Communications
$ 0
Other Expenditures
$ 2,000
Total
$
5,000
Respectfully submitted,
LISE BACON
Chair