Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 22 - Minutes of Proceedings - June 19, 2012
OTTAWA, Tuesday, June 19, 2012
The Standing Senate Committee on Banking, Trade and Commerce met this day
at 2:15 p.m., in room 9, Victoria Building, the chair, the Honourable Irving
Members of the committee present: The Honourable Senators
Gerstein, Greene, Harb, Hervieux-Payette, P.C., MacDonald, Maltais,
Massicotte, Moore, Ringuette, Smith (Saurel), Stewart Olsen, Tkachuk
and Unger (13).
In attendance: John Bulmer and Adriane Yong, Analysts,
Parliamentary Information and Research Service, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Thursday,
June 14, 2012, the committee began its examination of Bill C-25, An Act
relating to pooled registered pension plans and making related amendments to
Hon. Ted Menzies, P.C., M.P., Minister of State (Finance).
Department of Finance Canada:
Jeremy Rudin, Assistant Deputy Minister, Financial Sector Policy
Leah Anderson, Director, Financial Sector Division;
Lynn Hemmings, Senior Chief, Payments, Financial Sector Division;
Yasir Syed, Senior Project Leader, Payments and Pensions.
Canadian Life and Health Insurance Association Inc.:
Frank Swedlove, President;
Leslie Byrnes, Vice President, Distribution and Pensions.
Canadian Bankers Association:
Marion Wrobel, Vice-President, Policy and Operations.
The Canadian Chamber of Commerce:
Susanna Cluff-Clyburne, Director, Parliamentary Affairs.
The chair made an opening statement.
The minister of state made a statement and, together with Mr. Rudin, Ms.
Anderson, Ms. Hemmings and Mr. Syed, answered questions.
At 3:13 p.m., the committee suspended.
At 3:15 p.m., the committee resumed.
The chair made a statement.
Mr. Swedlove, Mr. Wrobel and Ms. Cluff-Clyburne each made a statement,
and together with Ms. Byrnes, answered questions.
At 3:57 p.m., the committee adjourned to the call of the chair.
Clerk of the Committee