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

First Session, Thirty-ninth Parliament, 2006-07

Chair: The Honourable JERAHMIEL S. GRAFSTEIN

Wednesday, March 28, 2007
Thursday, March 29, 2007

Issue No. 19

Second and third (final) meetings on:
Study of Bill C-37, An Act to amend the law governing financial institutions
and to provide for related and consequential matters

INCLUDING:
THE FOURTEENTH REPORT OF THE COMMITTEE
(Study of Bill C-37, An Act to amend the law governing financial institutions
and to provide for related and consequential matters)

APPEARING:

Wednesday, March 28, 2007

The Honourable James M. Flaherty, P.C., M.P., Minister of Finance

WITNESSES:

Wednesday, March 28, 2007

Canadian Bankers Association:

Terry Campbell, Vice-President, Policy;

Karen Michell, Vice-President, Banking Operations.

Credit Union Central of Canada:

Daniel Burns, Chair, Legislative Affairs Committee;

Gary Rogers, Vice-President, Financial Policy.

Department of Finance Canada:

Serge Dupont, Assistant Deputy Minister, Financial Sector Policy Branch;

Colleen Barnes, Senior Chief, Strategic Planning and Trade, Financial Sector Policy Branch;

Pascale Dugré-Sasseville, Senior Project Leader, Strategic Planning and Trade, Financial Sector Policy Branch;

Eleanor Ryan, Chief, Structural Issues, Financial Sector Policy Branch.

Thursday, March 29, 2007

Canadian Life and Health Insurance Association Inc.

Frank Zinatelli, Associate General Counsel and Vice-President.

Canadian Association of Mutual Insurance Companies

Normand Lafrenière, President.

Genworth Financial Canada

Winsor Macdonell, Vice-President and General Counsel.

MEMBERS OF THE COMMITTEE

The Honourable Jerahmiel S. Grafstein, Chair

The Honourable W. David Angus, Deputy Chair

and

The Honourable Senators:

Biron, Chaput, Di Nino, Eyton, Fitzpatrick, Goldstein, Harb, *Hervieux-Payette, P.C., (or Tardif), *LeBreton, P.C., (or Comeau), Moore, Ringuette, Tkachuk

*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 Ringuette substituted for that of the Honourable Senator Baker, P.C. (March 26, 2007).

The name of the Honourable Senator Moore substituted for that of the Honourable Senator Banks (March 26, 2007).

The name of the Honourable Senator Gustafson substituted for that of the Honourable Senator Meighen (March 27, 2007).

The name of the Honourable Senator Tkachuk substituted for that of the Honourable Senator Oliver (March 27, 2007).

The name of the Honourable Senator Chaput substituted for that of the Honourable Senator Massicotte (March 28, 2007).

The name of the Honourable Senator Meighen substituted for that of the Honourable Senator Gustafson (March 29, 2007).

The name of the Honourable Senator Di Nino substituted for that of the Honourable Senator Meighen (March 29, 2007).