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.
Meeting No. 64
MINUTES OF PROCEEDINGS
Monday, March 30, 1998
The Standing Committee on Finance met at 3:31 o’clock p.m., this day, in Room 308, West Block, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee present: Maurizio Bevilacqua, Gary Pillitteri, Karen Redman, Gerry Ritz, Monte Solberg and Paddy Torsney.
Acting Members present: Jim Abbott for Gerry Ritz to 4:50 p.m., Bill Casey for Scott Brison, Francine Lalonde for Yvan Loubier; Roy Cullen for Tony Valerie; Werner Schmidt for Dick Harris.
Associate Member present: Lorne Nystrom.
Other Member present: Joe Fontana.
In attendance: From the Research Branch of the Library of Parliament: Richard Domingue and Marion G. Wrobel, Research Officers.
Witnesses: As an Individual: Douglas Clark, C.A. From the Canadian Banking Ombudsman: Michael Lauber. From the Canadian Association of Insurance and Financial Advisors: André Richard, Member, Parliamentary Advisory Committee; Susan St. Amand, Member, Parliamentary Advisory Committee; Mark McCarvill, Director, Government Relations. From the Canadian Life and Health Insurance Association: Greg Traversy, Executive Vice-President, Policy Development; Jean-Pierre Bernier, Vice-President and General Counsel; Frank Zinatelli, Associate General Counsel.
In accordance with its mandate under Standing Order 108(2) the committee resumed its study of the Tied Selling provisions in the Bank Act. (See Minutes of Proceeding, dated March 30, 1998, Meeting No 63).
Douglas Clark made a statement and answered questions.
At 4:33 o’clock p.m. the sitting was suspended.
At 4:39 o’clock p.m. the sitting resumed.
Michael Lauber made a statement and answered questions.
At 5:56 o’clock p.m. the sitting was suspended.
At 6:03 o’clock p.m. the sitting resumed.
André Richard, Susan St-Amand and Mark McCarvill made statements and answered questions.
At 6:54 o’clock p.m. the sitting was suspended.
At 7:05 o’clock p.m. the sitting resumed.
Greg Traversy, Jean-Pierre Bernier made statements and, with Frank Zinatelli, answered questions.
At 7:43 o’clock p.m., the Committee adjourned to the call of the Chair.
CAROL CHAFE
Clerk of the Committee