Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
First Session, Forty-second Parliament, 2015-16-17
Chair: The Honourable DOUGLAS BLACK
Wednesday, May 8, 2019
Thursday, May 9, 2019
Issue No. 56
First meeting:
Subject matter of those elements contained in Divisions 1, 5 and 26 of Part 4, and in Subdivision A of Division 2 of Part 4 of Bill C-97, An Act to implement certain provisions of the budget tabled in Parliament on March 19, 2019 and other measures
Tenth meeting:
Examine and report on the potential benefits and challenges of open banking for Canadian financial services consumers, with specific focus on the federal government's regulatory role
WITNESSES
Wednesday, May 8, 2019
Department of Finance Canada:
Margaret Tepczynska, Director, Strategic Initiatives, Financial Institutions Division;
Mary O'Connor, Senior Advisor, Strategic Initiatives, Financial Institutions Division;
Julie Trepanier, Director, Payments Policy;
William Gibson, Analyst, Payments Policy;
Kathy Wyre, Acting Director, Pensions Policy;
Oliver Kanter, Economist, Pensions Policy.
Office of the Superintendent of Financial Institutions Canada:
Theresa Hinz, Managing Director, Legislative Policy, Interpretations and Compliance, Regulatory Affairs Division;
Isabelle Lepage, Manager, Legislative Policy, Interpretations and Compliance.
Canadian Credit Union Association:
Jessica Brandon-Jepp, Advocacy and Government Relations Advisor.
Payments Canada:
Anne Butler, Chief Legal Officer and Head of Research and Policy.
Innovation, Science and Economic Development Canada:
Mark Schaan, Director General, Marketplace Framework Policy Branch;
Darryl Patterson, Director, Corporate, Insolvency and Competition Directorate, Marketplace Framework Policy Branch;
Ian Disend, Senior Policy Analyst, Marketplace Framework Policy Branch;
Paul Morrison, Manager, Policy Development (Insolvency), Marketplace Framework Policy Branch.
Department of Justice Canada:
Christopher Meszaros, Senior Counsel.
Thursday, May 9, 2019
Office of the Privacy Commissioner of Canada:
Gregory Smolynec, Deputy Commissioner, Policy and Promotion Sector;
Arun Bauri, Strategic Policy and Research Analyst, Policy, Research and Parliamentary Affairs Directorate.
Department of Finance Canada:
Annette Ryan, Associate Assistant Deputy Minister, Financial Sector Policy Branch;
Julien Brazeau, Senior Director, Strategy and Coordination, Financial Institutions Division, Financial Sector Policy Branch.
MEMBERS OF THE COMMITTEE
The Honourable Douglas Black, Chair
The Honourable Carolyn Stewart Olsen, Deputy Chair
and
The Honourable Senators:
Dagenais, Day, *Day (or Mercer), Deacon (Nova Scotia), Duncan, Frum, *Harder, P.C. (or Bellemare) (or Mitchell), Klyne, Lovelace Nicholas, Marshall, *Smith (or Martin), Tkachuk, Verner, P.C., Wallin, Wetston, *Woo (or Saint-Germain)
*Ex officio members
(Quorum 4)
Changes in membership of the committee:
Pursuant to rule 12-5 and to the orders of the Senate of November 7, 2017 and of November 20, 2018, membership of the committee was amended as follows:
The Honourable Senator Klyne replaced the Honourable Senator Galvez (May 9, 2019).
The Honourable Senator Galvez replaced the Honourable Senator Klyne (May 8, 2019).
The Honourable Senator Duncan replaced the Honourable Senator Ringuette (May 8, 2019).
The Honourable Senator Ringuette replaced the Honourable Senator Duncan (May 2, 2019).