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

Issue No. 41 - Minutes of Proceedings - May 24, 2018

OTTAWA, Thursday, May 24, 2018
(104)

[English]

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 Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Dagenais, Marwah, Ringuette, Stewart Olsen, Tannas, Tkachuk, Unger 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 Tuesday, April 24, 2018, the committee continued its examination of the subject matter of those elements contained in Divisions 2, 4, 5, 6, 7, 12, 16 and 19 of Part 6 of Bill C- 74, An Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures. (For complete text of the order of reference, see proceedings of the committee, Issue No. 40.)

WITNESSES:

Royal Bank of Canada:

Holly Shonaman, Chief Privacy Officer.

TD Bank Group:

Jane Stubbington, Vice President, Compliance and Global Chief Privacy Officer.

Scotiabank:

Mike Henry, Chief Data Officer.

Bank of Montreal (BMO):

Chris Bradley, Associate General Counsel, Canadian Personal and Commercial Banking.

Canadian Imperial Bank of Commerce (CIBC):

Dave Bruyea, Senior Vice President and Chief Information Security Officer.

The chair made a statement.

Mr. Henry, Ms. Stubbington, Ms. Shonanaman, Mr. Bradley and Mr. Bruyea each made a statement and answered questions.

At 12:08 p.m., the committee suspended.

At 12:13 p.m., pursuant to rule 12-16(1)(d), the committee resumed in camera to consider a draft agenda (future business).

At 12:27 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee