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

Issue 21 - Minutes of Proceedings

OTTAWA, Wednesday, May 28, 2003
(33)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 4:10 p.m. this day, in room 257, East Block, the Chair, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Baker, P.C., Biron, Kelleher, P.C., Kolber, Kroft, Meighen, Moore and Setlakwe (8).

In attendance: From the Parliamentary Research Branch, Library of Parliament: Ms. June Dewetering, Acting Principal, Economic Division.

Also in attendance: The official reporters of the Senate.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 23, 2002, the committee continued its examination into the present state of the domestic and international financial system with particular emphasis on the Canadian perspective to the Enron collapse. (See Issue No. 1, October 23-24, 2002, for full text of the Order of Reference.)

WITNESSES:

From the Centre for Corporate and Public Governance
(by video conference):

Mr. J. Richard Finlay, Chairman.

From the Accounting Standards Board of the Canadian Institute of Chartered Accountants:

Mr. Paul G. Cherry, FCA, Chair.

Mr. Finlay, from Toronto by video conference, made a statement and answered questions.

Mr. Cherry made a statement and answered questions.

At 5:50 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee