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

Issue No. 52 - Minutes of Proceedings - February 27, 2019

OTTAWA, Wednesday, February 27, 2019
(127)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:16 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, Deacon (Nova Scotia), Duncan, Klyne, Marshall, Stewart Olsen, Verner, P.C., Wallin and Wetston (10).

In attendance: Brett Stuckey and Adriane Yong, 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 continued 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. (For complete text of the orders of reference, see proceedings of the committee, Issue No. 51.)

WITNESSES:

Ontario Securities Commission:

Pat Chaukos, Deputy Director, OSC LaunchPad (by video conference).

Accenture Inc.:

Robert Vokes, Senior Managing Director and Financial Services Lead, Canada (by video conference).

Canadian Bankers Association:

Marina Mandal, Vice President, Banking Transformation and Strategy;

Angelina Mason, General Counsel and Vice President.

The chair made a statement.

Ms. Chaukos and Mr. Vokes each made a statement and answered questions.

At 5:20 p.m., the committee suspended.

At 5:24 p.m., the committee resumed.

Ms. Mandal made a statement and, together with Ms. Mason, answered questions.

At 6:08 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee