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

Issue No. 59 - Minutes of Proceedings - June 13, 2019 (in camera)

OTTAWA, Thursday, June 13, 2019


The Standing Senate Committee on Banking, Trade and Commerce met in camera this day at 10:35 a.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), Klyne, Marshall, Stewart Olsen, Tkachuk, Verner, P.C., and Wetston (9).

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

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 on 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.)

It was agreed that the committee allow the transcription of the in camera portion of the meeting, that one copy be kept in the office of the clerk of the committee for consultation by committee members present and/or by the committee analysts, and that the transcript be destroyed by the clerk when authorized to do so by the Subcommittee on Agenda and Procedure, but no later than at the end of this parliamentary session.

Pursuant to rule 12-16(1)(d), the committee proceeded to consider a draft report.

After debate, it was agreed:

That the draft report be adopted and that the Subcommittee on Agenda and Procedure be empowered to approve the final version of the report, taking into consideration this meeting's discussions, and with any necessary editorial, grammatical and translation changes required and that the chair be authorized to table the report in the Senate, at the earliest opportunity.

At 12:13 p.m., the committee adjourned to the call of the chair.


Lynn Gordon
Clerk of the Committee