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

Issue 27 - Minutes of Proceedings - November 21, 2012

OTTAWA, Wednesday, November 21, 2012


The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:18 p.m., in room 9, Victoria Building, the deputy chair, the Honourable Céline Hervieux-Payette, P.C., presiding.

Members of the committee present: The Honourable Senators Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Moore, Oliver, Poirier, Ringuette, Smith (Saurel) and Tkachuk (10).

In attendance: Adriane Yong and Brett Stuckey, 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 Tuesday, October 30, 2012, the committee continued its examination of the subject-matter of those elements contained in Divisions 1, 3, 6 and 14 of Part 4 of Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures. (For the complete text of the order of reference, see proceedings of the committee, Issue No. 26.)


Canadian Derivatives Clearing Corporation:

Glenn Goucher, President and Chief Clearing Officer.

Montreal Exchange:

Pauline Ascoli, Vice President, Legal Affairs (Derivatives).

The deputy chair made an opening statement.

Mr. Goucher made a statement and answered questions.

Ms. Ascoli made a statement and answered questions.

At 5:14 p.m., the committee adjourned to the call of the chair.


Barbara Reynolds

Clerk of the Committee