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

Issue No. 56 - Minutes of Proceedings - May 9, 2019

OTTAWA, Thursday, May 9, 2019
(136)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:31 a.m., in room B30, Senate of Canada Building, the chair, the Honourable Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Dagenais, Deacon (Nova Scotia), Duncan, Marshall, Stewart Olsen, Verner, P.C., Wallin and Wetston (9).

In attendance: Adriane Yong and Brett Stuckey, 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 Thursday, September 27, 2018, the committee continued its examination of the potential benefits and challenges of open banking for Canadian financial services consumers, with specific focus on the federal government's regulatory role. (For complete text of the order of reference, see proceedings of the committee, Issue No. 51.)

WITNESSES:

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.

The chair made a statement.

Mr. Brazeau, Mr. Smolynec and Ms. Ryan made statements and answered questions.

At 11:45 a.m., the committee suspended.

At 11:50 a.m., pursuant to rule 12-16(1)(d), the committee continued in camera to consider a draft agenda (future business).

At 12:31 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee