FINA Committee Meeting

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Minutes of Proceedings

Standing Committee on Finance (FINA)

42nd Parliament, 1st Session

Meeting No. 100

Monday, June 12, 2017, 3:38 p.m. to 6:32 p.m.

Room 237-C, Centre Block

Televised

Presiding

Hon. Wayne Easter, Chair (Liberal)

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Members of the Committee present

Liberal

Conservative

NDP

Pierre-Luc Dusseault

Other Members present

• Hon. Ginette Petitpas Taylor (Liberal)

In attendance

House of Commons

• Stephanie Feldman, Procedural Clerk

Library of Parliament

• Brett Capstick, Analyst

Consumer Protection and Oversight in Relation to Schedule I Banks

Witnesses

Canadian Imperial Bank of Commerce

• Scott Wambolt, Senior Vice-President, National Sales and Service, Retail Distribution and Channel Strategy

Scotiabank

• James McPhedran, Executive Vice-President

BMO Financial Group

• Andrew Auerbach, Executive Vice-President and Head of Distribution, Canadian Personal and Commercial Banking

Royal Bank of Canada

• Kirk Dudtschak, Executive Vice-President, Personal and Commercial Banking

National Bank of Canada

• Lucie Blanchet, Senior Vice-President, Distribution, Solutions and Processes Retail Banking

TD Bank Financial Group

• Andrew Pilkington, Executive Vice-President, Branch Banking

Pursuant to Standing Order 108(2) and the motion adopted by the Committee on Wednesday, May 3, 2017, the Committee resumed its study of consumer protection and oversight in relation to Schedule I banks.

Scott Wambolt, James McPhedran and Andrew Pilkington made statements and answered questions.

At 5:09 p.m., the sitting was suspended.

At 5:14 p.m., the sitting resumed.

Kirk Dudtschak, Lucie Blanchet and Andrew Auerbach made statements and answered questions.

At 5:19 p.m., Ron Liepert took the Chair.

At 5:29 p.m., Hon. Wayne Easter took the Chair.

At 6:32 p.m., the Committee adjourned to the call of the Chair.

Suzie Cadieux

Clerk of the Committee