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

Issue No. 46 - Minutes of Proceedings - October 24, 2018

OTTAWA, Wednesday, October 24, 2018
(114)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:15 p.m., in room 9, Victoria Building, the chair, the Honourable Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Deacon (Nova Scotia), Duffy, Tannas, Tkachuk and Wetston (6).

In attendance: Brett Stuckey and Adriane Yong, 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, October 17, 2017, the committee began examination of issues pertaining to the management of systemic risk in the financial system, domestically and internationally.

WITNESSES:

Canadian Bankers Association:

Darren Hannah, Vice President, Finance, Risk and Prudential Policy.

Royal Bank of Canada:

Jason Drysdale, Executive Vice President, Retail and Commercial Risk.

TD Bank Group:

Kent Andrews, Senior Vice President, Regulatory Risk and Risk Capital Assessment.

Desjardins Group:

Antoine Avril, Vice President, Risk, Credit Granting and Special Loans.

The chair made a statement.

Mr. Hannah, Mr. Drysdale, Mr. Andrews and Mr. Avril each made a statement and answered questions.

At 5:36 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee