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

Issue 12 - Minutes of Proceedings

OTTAWA, Tuesday, October 22, 1996
(21)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day, in camera, at 10:05 a.m. in room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.

Members of the committee present: The Honourable Senators Angus, Hervieux-Payette, P.C., Kelleher, Kirby, Meighen, Oliver, St. Germain, P.C. and Stewart. (8)

In attendance: From the Research Branch of the Library of Parliament, Mr. Gerald Goldstein, Director, Economics Division.

Pursuant to the Order of Reference adopted by the Senate on Thursday, March 21, 1996, the Committee resumed its examination into the state of the financial system in Canada and in particular its review of financial sector legislation.

The Chairman welcomed Senator Oliver back to the committee as a member.

The committee reviewed a draft report on the Government's proposals for the 1997 financial sector legislation reform.

At 11:15 a.m., the committee adjourned to the call of the Chair.

ATTEST:

OTTAWA, Monday, October 28, 1996
(22)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 5:05 p.m. in room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.

Members of the committee present: The Honourable Senators Angus, Hervieux-Payette, P.C., Kelleher, P.C., Kirby, Meighen, Oliver and St. Germain, P.C. (7)

In attendance: From the Research Branch of the Library of Parliament, Mr. Gerald Goldstein, Director, Economics Division and Ms Margaret Smith, Research Officer, Law and Government.

Also present: The official reporters of the Senate.

WITNESSES:

From Fasken Campbell Godfrey:

Mr. John Campion; and

Ms Victoria Stewart.

By Teleconference:

From the Australian Treasury:

Mr. Ian Govey, Principal Adviser, Business Law Division.

From the Australian National University:

Mr. Jim Davis, professor.

Pursuant to the Order of Reference adopted by the Senate on Thursday, March 21, 1996, the committee resumed its examination into the state of the financial system in Canada and in particular the question of professional liability.

Mr. John Campion made an opening statement and then answered questions.

Mr. Ian Govey and Professor Davis made opening statements and then answered questions.

At 8:00 p.m., the committee adjourned to the call of the Chair.

ATTEST:

OTTAWA, Thursday, October 29, 1996
(23)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:05 a.m. in room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.

Members of the committee present: The Honourable Senators Angus, Austin, P.C., Hervieux-Payette, P.C., Kelleher, P.C., Kirby, Meighen, Oliver, St. Germain, P.C. and Stewart. (9)

Other senator present: The Honourable Senator Landry.

In attendance: From the Research Branch of the Library of Parliament, Mr. Gerald Goldstein, Director, Economics Division and Ms. Margaret Smith, Research Officer, Law and Government.

Also present: The official reporters of the Senate.

WITNESSES:

From the Association of Consulting Engineers of Canada:

Mr. Pierre A. H. Franche, President and Chief Operating Officer; and

Mr. Bruce Carr-Harris, Legal Council.

Pursuant to the Order of Reference adopted by the Senate on Thursday, March 21, 1996, the committee resumed its examination into the state of the financial system in Canada and in particular the question of professional liability.

Messrs Franche and Carr-Harris made opening statements and then answered questions.

At 11:20 a.m. the Committee adjourned to the call of the Chair.

ATTEST:

Paul Benoit

Clerk of the Committee