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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. 102

Monday, September 14, 1998

The Standing Committee on Finance met in camera at 9:07 a.m. this day, in Room 371, West Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Maurizio Bevilacqua, Dick Harris, Yvan Loubier, Karen Redman, Nelson Riis et Tony Valeri.

Acting Members present: Carolyn Bennett for Roger Gallaway.

Other Member present: Roy Cullen.

In attendance: From the Library of Parliament: Richard Domingue; Marion Wrobel, Research Officers.

Witnesses: From the Canadian Bankers' Association: Gennaro Stammati, Chair, schedule II Foreign Banks Executive Committee; Raymond Protti, President and Chief Executive Officer; Alan Young, Vice-President; From the Investment Dealers Association of Canada: Ian Russell, Senior Vice-President, Capital Markets; From the Investment Funds Institute of Canada: John Kaszel, Director, Academic Affairs and Research; From the Canadian Life and Health Insurance Association: Mark Daniels, President; Greg Traversy, Executive Vice-President; From the Canadian Association of Mutual Insurance Companies: Normand Lafrenière, President; From the Insurance Bureau of Canada: George D. Anderson, President and C.E.O.; Mark Yakabuski, Director.

In accordance with its mandate under Standing Order 108(2), the Committee began a series of technical briefings on the Financial Services.

Raymond Protti made an opening statement and with the witnesses answered questions

Ian Russell and John Kaszel made opening statements and answered questions.

Mark Daniels made an opening statement and answered questions.

Normand Lafrenière made an opening statement and answered questions.

George Anderson made an opening statement and answered questions.

At 1:15 p.m., the Committee adjourned to the call of the Chair.

Jacques Lahaie


Clerk of the Committee