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
Liberal
- Joël Lightbound, Parliamentary Secretary — Non-Voting Member
- Jennifer O'Connell, Parliamentary Secretary — Non-Voting Member
Conservative
Patrick Marley and Toby Sanger made statements and answered questions.
At 12:23 p.m., the sitting was suspended.
At 12:28 p.m., the sitting resumed.
The Committee resumed consideration of the motion moved by Francesco Sorbara, on Tuesday, February 5, 2019, which read as follows:
That the Standing Committee on Finance undertake a study on open banking and report back to the House on: a) whether open banking could provide benefits to Canadians; b) how potential risks related to consumer protection, privacy, cyber security and financial stability could be managed; and c) what steps, if any, the Government should take to implement an open banking system.
Debate arose thereon.
Greg Fergus moved, — That the motion be amended by adding after the words “open banking system” the following: “that the Committee dedicate up to four meetings to the hearing of witnesses in Ottawa; that the Committee examine opportunities to travel to jurisdictions that have implemented a framework for open banking, including the United Kingdom; and that the Committee report its findings to the House no later than Friday, June 7, 2019”.
Debate arose thereon.
At 12:58 p.m., the Committee adjourned to the call of the Chair.