Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue No. 56 - Minutes of Proceedings - May 8, 2019
OTTAWA, Wednesday, May 8, 2019
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:14 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, Frum, Galvez, Marshall, Stewart Olsen, Tkachuk, Verner, P.C., Wallin and Wetston (12).
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, May 2, 2019, the committee began its
consideration of the subject matter of those elements contained in Divisions 1, 5 and 26 of Part 4, and in Subdivision A
of Division 2 of Part 4 of Bill C-97, An Act to implement certain provisions of the budget tabled in Parliament on
March 19, 2019 and other measures.
Department of Finance Canada:
Margaret Tepczynska, Director, Strategic Initiatives, Financial Institutions Division;
Mary O'Connor, Senior Advisor, Strategic Initiatives, Financial Institutions Division;
Julie Trepanier, Director, Payments Policy;
William Gibson, Analyst, Payments Policy;
Kathy Wyre, Acting Director, Pensions Policy;
Oliver Kanter, Economist, Pensions Policy.
Office of the Superintendent of Financial Institutions Canada: