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

Issue 25 - Minutes of Proceedings - March 12, 2015

OTTAWA, Thursday, March 12, 2015
(55)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:30 a.m., in room 9, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Bellemare, Black, Gerstein, Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Ringuette, Tannas and Tkachuk (10).

In attendance: Adriane Yong and Michaël Lambert-Racine, Analysts, Parliamentary Information and Research Services, Library of Parliament.

Also present: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, March 25, 2014, the committee continued its study on the use of digital currency. (For complete text of the order of reference, see proceedings of the committee, Issue No. 6.)

WITNESSES:

Autorité des marchés financiers:

Jean-François Fortin, Executive Director, Enforcement Branch;

Christian Desjardins, Manager, Market Surveillance, Enforcement Branch;

Moad Fahmi, Financial Markets Specialist, Specialized Investigation Support Unit, Enforcement Branch.

Ontario Securities Commission:

Paul Redman, Principal Economist, Strategy and Operations;

James Sinclair, General Counsel, General Counsel's Office.

The chair made a statement.

Mr. Fortin and Mr. Redman each made a statement and, together with Mr. Desjardins, Mr. Fahmi and Mr. Sinclair, answered questions.

At 12 p.m., the committee adjourned to the call of the chair.

ATTEST:

Danielle Labonté

Clerk of the Committee