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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. 187

Tuesday, May 11, 1999

The Standing Committee on Finance met at 10:34 a.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Sophia Leung, Yvan Loubier and Gary Pillitteri.

Acting Members present: Raymond Bonin for Tony Valeri; Gerry Ritz for Monte Solberg.

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

Appearing: From the Department of Finance: The Hon. Jim Peterson, Secretary of State (International Financial Institutions).

Witnesses: From the Department of Finance: David Tobin, Director General, Financial Sector Policy Branch; Charles Seeto, Director, Financial Sector Division; Paul Berg-Dick, Director, Business Income Tax Division. From the Office of the Superintendent of Financial Institutions Canada: John R. Thompson, Deputy Superintendent, Regulation Sector; Brian Long, Manager, Precedents & Guideline Support, Legislation & Precedents Division.

In accordance with the Order of Reference of the House of Commons of Tuesday, April 13, 1999, the Committee began 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.

Jim Peterson made an opening statement, and with Paul Berg-Dick, answered questions.

At 11:40 a.m., the Committee adjourned to the call of the Chair.

Miriam Burke

 

Committee Clerk