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

First Session Thirty-sixth Parliament, 1997-98-99

Chairman: The Honourable MICHAEL KIRBY

Thursday, June 10, 1999
Tuesday, June 15, 1999

Issue No. 55

Third and fourth meetings on: Bill C-78, An Act to establish the Public Sector Pension Investment Board, to amend the Public Service Superannuation Act, the Canadian Forces Superannuation Act, the Royal Canadian Mounted Police Superannuation Act, the Defence Services Pension Continuation Act, the Royal Canadian Mounted Police Pension Continuation Act, the Members of Parliament Retiring Allowances Act and the Canada Post Corporation Act and to make a consequential amendment to another Act

First and only meeting on: Bill C-67, An Act to amend the Bank Act, the Winding-up and Restructuring Act and other Acts relating to financial institutions and to make consequential amendments to other Acts

INCLUDING: THE TWENTY-SIXTH REPORT OF THE COMMITTEE (Bill C-67) and THE TWENTY-SEVENTH REPORT OF THE COMMITTEE (Bill C-78)

APPEARING: The Honourable Marcel Massé, P.C., M.P., President of Treasury Board (Bill C-78) and The Honourable Jim Peterson, P.C., M.P., Secretary of State (International Financial Institutions) (Bill C-67)

WITNESSES:

On Bill C-78

From the Treasury Board of Canada:

Ms Sharon G. Hamilton, Assistant Secretary, Secretariat, Pensions Division;

Mr. Alain Jolicoeur, Chief Human Resources Officer, Secretariat, Human Resources Branch;

Ms Joan Arnold,k Director, Secretariat, Pensions Legislation Development.

On Bill C-67

From the Department of Finance:

Mr. David Tobin, General Director, Financial Sector Policy Branch;

Mr. Charles Seeto, Director, Financial Sector Division; and

Mr. Paul Berg-Dick, Director, Business Income Tax Division.

From the Office of the Superintendent of Financial Institutions:

Mr. John Thompson, Deputy Superintendent, Regulation Sector.

MEMBERS OF THE COMMITTEE

The Honourable Michael Kirby, Chairman

The Honourable David Tkachuk, Deputy Chairman

and

The Honourable Senators:

Angus, Austin, P.C., Ferretti Barth, Fraser, Grafstein, *Graham, P.C. (or Carstairs), Kelleher, P.C., Kroft, *Lynch-Staunton (or Kinsella), Meighen, Oliver, Stollery.

* Ex Officio Members

(Quorum 4)

Changes in membership of the committee:

Pursuant to rule 85(4), membership of the committee was amended as follows:

The name of the Honourable Senator Di Nino substituted for that of the Honourable Senator Kelleher (June 14, 1999).

The name of the Honourable Senator Kolber substituted for that of the Honourable Senator Grafstein (June 14, 1999).

The name of the Honourable Senator Callbeck substituted for that of the Honourable Senator Ferretti Barth (June 14, 1999).

The name of the Honourable Senator Hervieux-Payette substituted for that of the Honourable Senator Fraser (June 14, 1999).

The name of the Honourable Senator Kenny substituted for that of the Honourable Senator Stollery (June 14, 1999).