Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Second Session Thirty-seventh Parliament, 2002
Chairman: The Honourable E. LEO KOLBERMonday, November 25, 2002
Issue No. 5
First meeting on: The examination into the public interest implications for large bank mergers
WITNESSES:
From the Department of Finance:
Mr. Gerry Salembier, Director, Financial Institutions Division, Financial Sector Policy Branch;
Ms. Colleen Barnes, Chief, Competition Issues and Transactions, Financial Institutions Division;
Ms. Rhoda Attwood, General Counsel, General Legal Services.
From the Competition Bureau:
Mr. Gaston Jorré, Senior Deputy Commissioner of Competition, Mergers Branch;
Mr. Richard Annan, Major Case Director and Strategic Policy Advisor, Mergers Branch;
Mr. Gerry Birks, Senior Competition Law Officer, Mergers Branch.
From the RBC Financial Group:
Mr. Gordon M. Nixon, President and Chief Executive Officer;
Mr. Peter W. Currie, Vice-Chairman and Chief Financial Officer;
Ms. Elisabetta Bigsby, Senior Executive Vice President, Human Resources and Public Affairs.
From Scotiabank:
Mr. Peter Godsoe, Chairman and Chief Executive Officer
From the Canadian Imperial Bank of Commerce:
Mr. John Hunkin, Chairman and Chief Executive Officer.
From the Canadian Federation of Independent Business:
Mr. Garth Whyte, Executive Vice-President;
Mr. Brien G. Gray, Senior Vice-President, Field Operations.
From the TD Bank Financial Group:
Mr. Edmund Clark, President and Chief Operating Officer.
MEMBERS OF THE COMMITTEE
The Honourable Senator E. Leo Kolber, Chair
The Honourable Senator David Tkachuk, Deputy Chair
and
The Honourable Senators:
Angus, *Carstairs, P.C. (or Robichaud, P.C.), Cook, Day, Hubley, Kelleher, P.C., Kroft, *Lynch-Staunton (or Kinsella), Oliver, Prud'homme, P.C., Setlakwe, 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 Kolber substituted for that of the Honourable Senator Sparrow (November 22, 2002).
The name of the Honourable Senator Poulin substituted for that of the Honourable Senator Hubley (November 22, 2002).
The name of the Honourable Senator Cook substituted for that of the Honourable Senator Christensen (November 22, 2002).
The name of the Honourable Senator Banks substituted for that of the Honourable Senator Fitzpatrick (November 22, 2002).
The name of the Honourable Senator Stollery was added to the list (November 22, 2002).
The name of the Honourable Senator Hubley substituted for that of the Honourable Senator Cook (November 25, 2002).
The name of the Honourable Senator Fraser substituted for that of the Honourable Senator Poulin (November 25, 2002).
The name of the Honourable Senator Day substituted for that of the Honourable Senator Fraser (November 25, 2002).
The name of the Honourable Senator Cook substituted for that of the Honourable Senator Banks (November 25, 2002).
The name of the Honourable Senator Oliver substituted for that of the Honourable Senator Meighen (November 25, 2002).