Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue No. 51 - Evidence - February 20, 2019
OTTAWA, Wednesday, February 20, 2019
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:15 p.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, Duffy, Frum, Griffin,
Klyne, Marshall, Martin, Stewart Olsen, Tkachuk, Verner, P.C. and Wetston (12).
Other senator present: The Honourable Senator Busson (1).
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 began 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.
As an individual:
Christopher C. Nicholls, Professor and W. Geoff Beattie Chair in Corporate Law, Faculty of Law, The University
of Western Ontario.
Dan Dickinson, Senior Vice President and Chief Digital Officer.
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
Bank of Canada:
Grahame Johnson, Managing Director, Financial Stability Department.
The chair made a statement.
Mr. Nicholls and Mr. Dickinson each made a statement and answered questions.
At 5:16 p.m., the Honourable Senator Tkachuk replaced the Honourable Senator Martin.
At 5:32 p.m., the committee suspended.
At 5:35 p.m., the committee resumed.
Ms. Ryan, Mr. Brazeau and Mr. Johnson each made a statement and answered questions.
At 6:32 p.m., the committee adjourned to the call of the chair.
Clerk of the Committee