BANC - Standing Committee

Banking, Commerce and the Economy

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41-1 41st Parliament, 1st Session (June 2, 2011 - September 13, 2013)
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Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

First Session, Forty-first Parliament, 2011-12

Chair: The Honourable IRVING GERSTEIN

Tuesday, November 6, 2012
Wednesday, November 7, 2012
Thursday, November 8, 2012

Issue No. 26

First, second and third meetings on:

The subject-matter of those elements contained in Divisions 1, 3, 6 and 14 of Part 4 of Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures

INCLUDING:
THE SEVENTH REPORT OF THE COMMITTEE
(Disclosure of confidential committee documents)

APPEARING:

The Honourable Ted Menzies, P.C., M.P., Minister of State (Finance)
The Honourable Christian Paradis, P.C., M.P. Minister of Industry

WITNESSES:

Tuesday, November 6, 2012

Department of Finance Canada:

Rob Stewart, Assistant Deputy Minister, International Trade and Finance;

Jeremy Rudin, Assistant Deputy Minister, Financial Sector Policy Branch;

Wayne Foster, Director, Financial Markets Division;

Jane Pearse, Director, Financial Institutions, Financial Sector Policy Branch.

Industry Canada:

Krista Campbell, Director General, Strategic Policy Branch.

Wednesday, November 7, 2012

Office of the Superintendent of Financial Institutions Canada:

Philipe-A. Sarrazin, Managing Director, Legislation and Policy Initiatives.

Canadian Life and Health Insurance Association:

Frank Zinatelli, Vice President and General Counsel.

Canadian Securities Administrators:

William S. Rice, Chair, and Chair, Alberta Securities Commission (by video conference).

Canada Deposit Insurance Corporation (CDIC):

Greg Cowper, Director, Policy;

Chantal Richer, Director, Legal Services.

Bank of Canada:

Robert Turnbull, Special Counsel, Financial System.

Thursday, November 8, 2012

International Monetary Fund:

The Honourable Thomas A. Hockin, P.C., Executive Director.

Centre for International Governance Innovation:

Thomas A. Bernes, Distinguished Fellow and Former Executive Director.

Committee on Internal Trade:

The Honourable David Ramsay, MLA, Chair, Minister of Industry, Tourism and Investment of Northwest Territories (by video conference).

Government of the Northwest Territories:

Peter Vician, Deputy Minister, Department of Industry, Tourism and Investment (by video conference).

Certified General Accountants Association of Canada:

Carole Presseault, Vice President, Government and Regulatory Affairs.

Canadian Council of Chief Executives:

Joe Blomeley, Policy Analyst;

John Dillon, Vice President, Policy, and Corporate Counsel.

MEMBERS OF THE COMMITTEE

The Honourable Irving Gerstein, Chair

The Honourable Céline Hervieux-Payette, P.C., Deputy Chair

and

The Honourable Senators:

*Cowan (or Tardif), Greene, Harb, *LeBreton, P.C. (or Carignan), Massicotte, Moore, Oliver, Poirier, Ringuette, Smith (Saurel), Stewart Olsen, Tkachuk

* Ex officio members

(Quorum 4)

Changes in membership of the committee:

Pursuant to rule 12-5, membership of the committee was amended as follows:

The Honourable Senator Poirier replaced the Honourable Senator Maltais (November 8, 2012).

The Honourable Senator Maltais replaced the Honourable Senator Brown (November 8, 2012).

The Honourable Senator Brown replaced the Honourable Senator Rivard (November 7, 2012).

The Honourable Senator Hervieux-Payette, P.C., replaced the Honourable Senator Day (November 6, 2012).

The Honourable Senator Day replaced the Honourable Senator Hervieux-Payette, P.C. (November 6, 2012).

The Honourable Senator Rivard replaced the Honourable Senator Maltais (November 6, 2012).