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. 133
Friday, October 16, 1998
The Standing Committee on Finance met at 8:07 a.m. this day, in Hazel McCallion Hall C & D at the Delta Meadowvale Resort and Conference Centre in Toronto (Mississaugua), Ontario, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Odina Desrochers, Nick Discepola, Roger Gallaway, Dick Harris, Gary Pillitteri, Karen Redman, Paul Szabo and Tony Valeri.
Other Members present: Roy Cullen and Carolyn Parish
In attendance: From the Library of Parliament: Richard Domingue and Marion Wrobel, Researchers.
Witnesses: Round Table I
From the Canadian Association of Retired Persons: Bill Gleberzon, Assistant Executive Director. From Newcourt Credit Group: David Banks, Chairman. From Canadian Fraternal Association: Ralf Hensel, Chairman; Richard May, Vice-President.
Round Table II
From the Committee on Monetary and Economic Reform: William Krehm, Chairman. From the Credit Union Central of Ontario: Jonathan Guss, President and CEO. From Davis Webb Schulze & Moon: Christopher Moon, Barrister and Solicitor. From the Trust Companies Association of Canada: Gerald Solonway, Chairman; Joseph Chertkow, Director; William Harker, Vice-Chairman.
Round Table III
From the Durham College: Gary Polonsky, President. From the Fort York Small Business Association: Rosario Marchese, M.P.P; John Banka, Member. From Guarantee Company of North America: Jules R. Quenneville, President and CEO; Robert Dempsey, Senior Vice-President. From Life Spin - Women's Resource Centre: Andrew Bolter, Director. From McArthur & Company Publishing Limited: Kim McArthur, President & Publisher. From Self Employment Development Initiatives: Peter Nares, Executive Director. From the Women and Rural Economic Developing: Carol Rock, Executive Director.
Round Table IV
From Dominion of Canada General Insurance Company: George L. Cooke, President and Chief Executive Officer. From the Insurance Brokers Association of Ontario: Robert J. Carter, Director; Gil Constantini, President Elect. From the Islamic Financial Institutions, Canada: Said Zafar, Chairman; Abdalla Ali, Vice-Chairman; Shameela Chinoy, Member of the Committee. From Alberta Securities Commission: William L. Hess, Chair. From the Ontario Securities Commission: David Brown, Chairman. From the Investment Dealers Association of Canada: Joseph Oliver, President and CEO; Ian Russell, Senior Vice-President.
In accordance with its mandate under Standing Order 108(2), the Committee resumed its study of the Report of the Task Force on the future of the Canadian Financial Services Sector. (See Minutes of Proceedings dated Monday, September 21, 1998, Meeting No. 106).
The witnesses from Round Table I made opening statements and answered questions.
At 10:10 a.m., the witnesses from Round Table II made opening statements and answered questions.
At 12:00 p.m., the sitting was suspended.
At 1:10 p.m., the sitting resumed.
The witnesses from Round Table III made opening statements and answered questions.
At 3:20 p.m., the witnesses from Round Table IV made opening statements and answered questions.
At 5:00 p.m., the Committee adjourned to the call of the Chair.
Jacques Lahaie
Clerk of the Committee
Roxanne Enman
Co-Clerk of the Committee