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

Issue No. 6 - Minutes of Proceedings - May 19, 2016

OTTAWA, Thursday, May 19, 2016


The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:30 a.m., in room 9, Victoria Building, the chair, the Honourable David Tkachuk, presiding.

Members of the committee present: The Honourable Senators Campbell, Day, Enverga, Greene, MacDonald, Massicotte, Ringuette, Smith, Tannas and Tkachuk (10).

Other senator present: The Honourable Senator Wallin (1).

In attendance: Brett Stuckey and Brett Capstick, 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, May 3, 2016, the committee began its examination of the subject matter of those elements contained in Divisions 3, 4, 5, 6 and 10 of Part 4 of Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures.


Department of Finance Canada:

Glenn Campbell, Director, Financial Institutions, Financial Sector Policy Branch;

Jeremy Weil, Senior Economist, Financial Sector Policy Branch;

Daniel Robinson, Senior Project Leader, Financial Sector policy Branch;

Michèle Govier, Chief, Trade Rules, International Trade and Finance.

Canada Deposit Insurance Corporation:

Chantal Richer, Vice President, Corporate Affairs, and General Counsel.

Office of the Superintendent of Financial Institutions:

Judy Cameron, Managing Director, Approvals and Precedents.

Bank of Canada:

Steve Thomas, Assistant General Counsel, Executive and Legal Services.

Canadian Bankers Association:

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

The chair made a statement.

Mr. Campbell, Ms. Richer, Ms. Cameron and Mr. Thomas each made statements and, together with Mr. Weil and Ms. Govier, answered questions.

At 11:57 a.m., the committee suspended.

At 12:01 p.m., the committee resumed.

The chair made a statement.

Mr. Hannah made a statement and answered questions.

At 12:14 p.m., the committee adjourned to the call of the chair.


Lynn Gordon

Clerk of the Committee