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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. 189

Wednesday, May 12, 1999

The Standing Committee on Finance met at 4:40 p.m. this day, in Room 371, West Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Ken Epp and Gary Pillitteri.

Acting Member present: Rick Limoges for Nick Discepola.

In attendance: From the Library of Parliament: Marion Wrobel, Senior Analyst.

Witnesses: From the Canadian Bankers' Association: Gennaro Stammati, Chairman, Schedule II, Foreign Banks' Executive Committee, President and CEO, Banca Commerciale Italiana of Canada; William Randle, Assistant General Counsel, Foreign Banks' Secretary; Harvey Naglie, President, BT Bank of Canada. As Individual: Mikael Bradfield, Professor, Economic Department, Dalhousie University.

In accordance with the Order of Reference of the House of Commons of Tuesday, April 13, 1999, the Committee resumed its study of Bill C-67, An Act to amend the Bank Act, the Winding-up and Restructuring Act and other Acts relating to financial institutions and to make consequential amendments to other Acts.

Gennaro Stammati made an opening statement and answered questions.

At 4:55 p.m., the Committee suspended hearings.

At 5:05 p.m., the Committee resumed hearings.

Mikael Bradfield made an opening statement and answered questions.

At 5:40 p.m., the Committee adjourned to the call of the Chair.

Miriam Burke

Committee Clerk