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

Issue No. 53 - Minutes of Proceedings - March 20, 2019

OTTAWA, Wednesday, March 20, 2019


The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:19 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), Duffy, Duncan, Klyne, Marshall, Stewart Olsen, Tkachuk, Wallin and Wetston (11).

In attendance: Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Services, Library of Parliament; Stav Nitka, Communications Officer, Senate Communications Directorate.

Also present: The official reporters of the Senate.

Pursuant to rule 12-16(1)(d), the committee met in camera to consider a draft agenda (future business).

At 4:55 p.m., the committee suspended.

At 5 p.m., the committee resumed in public.

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.)


King & Wood Mallesons, Australia:

Scott Farrell, Partner (by video conference).

As an individual:

Peter Harris, former Chairman of the Australian Productivity Commission (by video conference).

The chair made a statement.

Mr. Harris and Mr. Farrell each made a statement and answered questions.

At 6:31 p.m., the committee adjourned to the call of the chair.


Lynn Gordon
Clerk of the Committee