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

Issue No. 52 - Minutes of Proceedings - February 28, 2019

OTTAWA, Thursday, February 28, 2019
(128)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:30 a.m., in room B30, Senate of Canada Building, the deputy chair, the Honourable Carolyn Stewart Olsen, presiding.

Members of the committee present: The Honourable Senators Dagenais, Deacon (Nova Scotia), Duncan, Frum, Klyne, Marshall, Stewart Olsen, Verner, P.C., Wallin and Wetston (10).

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 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 order of reference, see proceedings of the committee, Issue No. 51.)

WITNESSES:

(UK) Open Banking Implementation Entity (OBIE):

Imran Gulamhuseinwala, Implementation Trustee (by video conference).

Portag3 Ventures:

Adam Felesky, Chief Executive Officer.

Deloitte:

Todd Roberts, Payment Expert.

Mastercard:

Jennifer Sloan, Vice President, Public Policy;

Iain McLean, Senior Vice President, Market Development.

The chair made a statement.

Mr. Gulamhuseinwala made a statement and answered questions.

At 11:29 a.m., the committee suspended.

At 11:35 a.m., the committee resumed.

Mr. Felesky, Mr. Roberts and Ms. Sloan each made a statement and, together with Mr. McLean, answered questions.

At 12:36 p.m., the committee adjourned to the call of the chair.

ATTEST:

Lynn Gordon
Clerk of the Committee