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.
For an advanced search, use Publication Search tool.
If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.
MINUTES OF PROCEEDINGS
Meeting No. 117
Wednesday, September 30, 1998
The Standing Committee on Finance met in a televised session at 3:38 p.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee present: Maurizio Bevilacqua, Scott Brison, Roger Gallaway, Yvan Loubier, Gary Pillitteri, Karen Redman, Paul Szabo and Tony Valeri.
Acting Members present: John McKay for Tony Valeri; David Pratt for Paddy Torsney; Carolyn Bennett for Paddy Torsney; Sarmite Bulte for Roger Gallaway; Nick Discepola for Mark Assad; Sophia Leung for David Iftody; Odina Desrochers for Gilles Perron; Ken Epp for Monte Solberg.
Associate Member present: The Hon. Lorne Nystrom.
In attendance: From the Library of Parliament: Richard Domingue and Marion Wrobel, Researchers.
Witnesses: From the Canadian Association of Insurance and Financial Advisors: David Thibaudeau, President; Robert Fleischacker, Chairman; From the Insurance Brokers Association of Canada: Mike Toole, President-Elect; Rick Frost, Chairman; Jim Ball, President-Elect; Robert Ballard, Vice-President; Mabel Sansom, Executive Director; Dan Tessier, Director, Public Affairs; From the "Association des intermédiaires en assurance de personnes du Québec": Alain Poirier, President; Anne-Marie Beaudoin, Acting General Director; From the Independent Life Insurance Brokers of Canada: Jim Bullock, Past President; Pat Chamberlain, President; From the Power Financial Corporation: Edward (Ted) Johnson, Vice-President; James W. Burns, Deputy Chairman; From the Credit Union Central of Canada: Bill Knight, President and C.E.O.; Bobby McVeigh, Chairman of the Board.
In accordance with its mandate under Standing Order 108(2), the Committee resumed its examination of the Report of the Task Force on the future of the Canadian Financial Services Sector. (See minutes of proceedings, dated Tuesday, May 26, 1998, meeting no 87).
David Thibaudeau, from the Canadian Association of Insurance and Financial Advisors made a statement and, with Robert Fleischacker, answered questions.
Mike Toole from the Insurance Brokers Association of Canada made a statement and, with Rick Frost, Robert Ballard, Jim Ball, and Dan Tessier answered questions.
At 5:30 p.m., the sitting was suspended.
At 5:40 p.m., the sitting resumed.
Alain Poirier from the "Association des intermédiaires en assurance de personnes du Québec" made a statement and, with Anne-Marie Beaudoin, answered questions.
Pat Champlain and Jim Bullock from Independent Life Insurance Brokers of Canada made statement and answered questions.
At 7:05 p.m., the sitting was suspended.
At 7:39 p.m., the sitting resumed.
James Burns from Power Financial Corporation made a statement and, with Edward Johnson, answered questions.
At 9:16 p.m., the sitting was suspended.
At 9:25 p.m., the sitting resumed.
Bobby McVeigh and Bill Knight from Credit Union Central of Canada made statements and answered questions.
At 10:30 p.m., the Committee adjourned to the call of the Chair.
Committee Clerk
Christine Fisher