FINA Committee Meeting
Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.
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MINUTES OF PROCEEDINGS
Meeting No. 144
Tuesday, October 27, 1998
The Standing Committee on Finance met in a (televised session) at 3:35 p.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Odina Desrochers; Roger Gallaway, Dick Harris, Sophia Leung, Gary Pillitteri, Karen Redman and Paul Szabo.
Associate Member present: The Hon. Lorne Nystrom.
In attendance: From the Library of Parliament: Richard Domingue and Marion Wrobel, Researchers.
Witnesses: From the "Option Consommateurs": Louise Rozon, Executive Director; Jacques St-Amant, Analyst. From the Consumers' Association of Canada: Gail Lacombe, President; Jennifer Hillard, Vice-President. From the Insurance Consumers Group: Bill Podmore. From the London Life Policyholders' Association: Anne Holmes, Founding Chair of LLPA and CLIPA; Dr. Leland Davies, Director of Education for LLPA and CLIPA; June Davies, Co-Director of Education for LLPA and CLIPA. From the National Council of Welfare: Steve Kerstetter, Director. From the Public Interest Advocacy Centre: Angie Barrados. From the Bank of Canada: Gordon Thiessen, Governor; Charles (Chuck) Freedman, Deputy Governor; Clyde Goodlet, Regulatory Policy Advisor. From the Hongkong Bank of Canada: Youssef A. Nasr, President and C.E.O.
In accordance with its mandate under Standing Order 108(2), the Committee resumed its study of the Report of the Task Force on the future of the Canadian Financial Services Sector. (See Minutes of Proceedings dated Monday, September 21, 1998, Meeting No. 106).
Bill Podmore from the Insurance Consumers Group, Louise Rozon and Jacques St-Amant from "Option Consommateurs", Gail Lacombe and Jennifer Hillard from the Consumers' association of Canada; Anne Holmes, Leland Davies and June Davies from London Life Policy Holders' Association, Steve Kerstetter from the National Council on Welfare, and Angie Barrados from the Public Interest Advocacy Group made opening statements and, with Jacques St-Amant, answered questions.
At 5:32 p.m., the sitting was suspended.
At 7:35 p.m., the sitting resumed.
Gordon Thiessen and Clyde Goodlet from the Bank of Canada made opening statements and, with Charles (Chuck) Freedman, answered questions.
At 8:35 p.m., Youssef Nasr from the Hongkong Bank of Canada made an opening statement and answered questions.
At 9:15 p.m., the Committee adjourned to the call of the Chair.
Christine Fisher
Committee Clerk