Proceedings of the Standing Senate Committee on Banking, Trade and Commerce

Second Session Thirty-fifth Parliament, 1996

Chairman: The Honourable MICHAEL KIRBY

Thursday, October 3, 1996

Issue No. 11

Fourteenth and fifteenth meetings on: Examination of the present state of the financial system in Canada

WITNESSES:

From General Electric Capital Canada Inc.:

Mr. Michael Davies, Vice-President & General Counsel;

Mr. Bob Weese, Vice-President, Government Affairs;

Ms. J. Diane Hébert, Vice-President, Legal Affairs, Equipment Financing;

Mr. David S. Brennan, Vice-President and General Manager;

Mr. Leslie J. Battrick, Vice-President and Counsel; and

Mr. Armin Sachse, Vice-President, Marketing, Equipment Financing.

From Wells Fargo Bank, NA:

Mr. Gadi Meir, Project Leader and Senior Financial Consultant, Business Banking Group; and

Ms. Louise S. Pelly, Counsel from Gowlings, Strathy & Henderson.

From the Co-operators Group Limited:

Mr. Terry Squire, President and Chief Executive Officer of The Co-operators Group Limited, Co-operators Financial Services Limited, Co-operators General Insurance Company and Co-operators Life Insurance Company;

Mr. Lorne Motton, Vice-President Finance and Controller for Co-operators General; and

Mr. Frank Lowery, Vice-President, General Counsel and Secretary.

From the Canadian Real Estate Association:

Mr. Pierre Beauchamp, Chief Executive Officer;

Ms. Shirley A. Taylor, Manager, External Relations; and

Mr. Martin Laplante, Consultant, RES Policy Research Inc.

From Life Underwriters Association of Canada:

Mr. Hal D. Couillard, Past Chair;

Mr. David J. Thibaudeau, President; and

Mr. William T. Babcock, Vice-President, Public Affairs.

From the Task Force of Schedule II Foreign Banks:

Mr. Fred Buhler, Chair, Legislative Reform Task Force of the Schedule II Foreign Banks and Chairman and Chief Executive Officer, Bank of America Canada;

Mr. Willem Veger, President and Chief Executive Officer, ABN AMBRO Bank Canada; and

Mr. Kenichiro Tanaka, President and CEP, Fuji Bank Canada.

From Deutsche Bank Canada:

Mr. Stephen von Romberg-Droste, President and Chief Executive Officer; and

Mr. Barry Munholland, Senior Vice-President and Managing Director.

From Association coopérative d'économie familiale:

Ms. Louise Rozon, General Manager;

Mr. Eric Fraser, Responsable du service d'aide aux consommateurs;

Mr. Jacques St-Amant, Research Counsel; and

Mr. Sidney Ribaux, Project Coordinator.

From Task Force on the Churches and Corporate Responsibility:

Mr. Bill Davis, Manager, Taskforce's dossier on Banking Access for Low-income groups;

Rev. Dalton Jantzi, ordained minister, Mennonite Church of Eastern Canada; and

Mr. Bernard Dufresne, Co-Director, Social Affairs Office, Conference of Catholic Bishops of Canada.

From the National Anti-Poverty Organization:

Ms. Lynne Toupin, Executive Director.

From the Retail Council of Canada:

Ms. Diane Brisebois, President & CEO;

Mr. Ken Morrison, Banking Consultant and President, Ken Morrison Consulting Inc.; and

Mr. Ray Bird, Chairman, Banking Committee and Vice-President, Credit, Sears Canada Inc.

From Trimark Investment Management Inc.:

Mr. Brad Badeau, Senior Vice-President and Chief Financial Officer.

MEMBERS OF THE COMMITTEE

The Honourable Michael Kirby, Chairman

The Honourable W. David Angus, Deputy Chairman

and

The Honourable Senators:

Austin, P.C., *Fairbairn, P.C. (or Graham), Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kolber, *Lynch-Staunton (or Berntson), Meighen, Perrault, P.C., St. Germain, P.C., Simard, Stewart

* Ex Officio Members

(Quorum 4)