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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. 124

Tuesday, October 6, 1998

The Standing Committee on Finance met at 9:02 a.m. this day, in the Empire Landmark and Conference Centre in Vancouver, BC, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Odina Desrochers, Roger GallawayDick Harris, Sophia Leung and Nelson Riis.

Acting Members present: John MacKay for Tony Valeri

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

Witnesses: Round Table I

From the Cordillera Books/Richmond Book Services: Sydney C. Heal, Proprietor; From the Fraser Institute: Fazil Mihlar, Director of Regulatory Studies; James Clemens, Policy Analyst; From B.C. Task Force on Bank Mergers: David Rosenberg, Chair, Partner, Rosenberg & Rosenberg; Blair Lekstrom, small businessman, Mayor of Dawson Creek Chamber of Commerce, British Columbia; Marjorie Griffin Cohen, Professor of Political Science and Women's Studies, Simon Fraser University; As Individual: Dr. Paul Bowles, Department of Economics, University of Northern BC.

Round Table II

From the Citizens Bank: Brian Carroll, Consultant; From the Gulf and Fraser Fisherman's Credit Union: Len Gatto, Chief Executive Officer; From the Richmond Credit Savings Union: Harri Jannson, Chief Executive Officer; From the Credit Union Central of British Columbia: Wayne A. Nygren, President and C.E.O.; Richard Thomas, Vice-President, Government Operations and Corporate Secretary; From the Vancouver Board of Trade: Darcy Rezac, Managing Director; From the IFC Vancouver: Liam Hopkins, Executive Director; Alan Vichert, Assistant Director.

Round Table III

From the Insurance Brokers Association of British Columbia: Michael Megson, President; Brent Atkinson, Atkinson, Terry Insurance Brokers; Roger Finnie, Director; From the Southern Cross Sheepskins Inc.: Ashley Dermer, President; As Individual: Ian C. MacLeod, Lawson Lundell & McIntosh, Barristers and Solicitors; From the Kerry Financial Corporation: Chris O'Toole, President;.

In accordance with its mandate under Standing Order 108(2), the Committee resumed its study on 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).

At 9:03 a.m., the witnesses from Round Table I made statements and answered questions.

The witnesses from Round Table II made statements and answered questions.

At 1:15 p.m., the sitting was suspended.

At 2:05 p.m., the sitting resumed.

The witnesses from Round Table III made statements and answered questions.

At 4:38 p.m., the Committee adjourned to the call of the Chair.



Jacques Lahaie
Clerk of the Committee