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

Issue 14 - Minutes of Proceedings

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OTTAWA, Wednesday, May 16, 2001
(16)

[English]

The Standing Committee on Banking, Trade and commerce met at 3:35 p.m. this day, in Room 505, Victoria Building, the Chairman, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Furey, Kelleher, P.C., Kolber, Kroft, Oliver, Setlakwe, Taylor, Tkachuk and Wiebe (10).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Economic Division: Mr. Alexandre Laurin, Research Officer and Mr. Marion Wrobel, Senior Analyst.

Also in attendance: The official reporters of the Senate.

WITNESSES:

From the Canadian Bankers Association:

Mike Pedersen, Chairman of the Canadian Bankers Association and Senior Executive Vice-President, Retail and Small Business Banking, Canadian Imperial Bank of Commerce;

Raymond J. Protti, President and Chief Executive Officer;

Terry Campbell, Vice-President, Policy.

From the Credit Union Central of Canada:

Bill Knight, President and Chief Executive Officer;

Wayne Nygren, President and Chief Executive Officer, Credit Union Central of British Columbia;

Brian Topp, Senior Vice-President, Strategic Planning.

From the Insurance Brokers Association of Canada:

Jim Ball, Chairman;

Ginny Bannerman, President-Elect;

Francesca Iacurto, Director, Public Affairs.

From the Retail Council of Canada:

Peter Woolford, Vice President, Policy Analysis and Government Relations.

From the ING Bank of Canada:

Paul Bedbrook, President and Chief Executive Officer;

Michael R. Bell, Director

From the Canadian Payments Association:

Bob Hammond, General Manager;

Doug Kreviazuk, Director, Policy and Research.

From the National Council of Women of Canada:

Maria Neil, Convenor of Economics.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, April 25, 2001, the Committee continued its examination of Bill C-8, to establish the Financial Consumer Agency of Canada and to amend certain Acts in relation to financial institutions.

Mr. Pedersen made a statement and with the other witnesses of the Canadian Bankers Association answered questions.

Mr. Knight and Mr. Nygren of the Credit Union Central of Canada made a statement and with Mr. Topp answered questions.

Ms Bannerman and Ms Iacurto of the Insurance Brokers Association of Canada made a statement and with Mr. Ball answered questions.

Mr. Woolford of the Retail Council of Canada made a statement and answered questions.

Mr. Hammond of the Canadian Payments Association made a statement and with Mr. Kreviazuk answered questions.

Mr. Bedbrook of ING Bank of Canada made a statement and with the assistance of Mr. Bell answered questions.

Ms Neil of the National Council of Women of Canada made a statement and answered questions.

At 6:25 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee

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