Banking, Trade and Commerce – November 20, 2014 – Part 2

In Committee from the Senate of Canada

Banking, Trade and Commerce – November 20, 2014 – Part 2

Senators hear from three panels as they continue their pre-study hearings on the budget bill (C-43). Martha Durdin, president and CEO of the Credit Union Central of Canada, Marc-André Pigeon, director of financial sector policy for the association, Michael Leonard, president and CEO of Atlantic Central, and Cristobal Dobrzanski, chief economist for the Vancity Credit Union, discuss the proposed changes to the federal legislative framework that governs parts of the credit union system.
Doug Kreviazuk, a vice president at the Canadian Payments Association, and Deborah Wilson, the association’s senior legal counsel, outline the amendment to the Canadian Payments Act that will change the governance structure of the Canadian Payments Association and add new obligations related to accountability.
Omar Wakil, chair of the Canadian Bar Association’s foreign investment review committee, and Noah Arshinoff, a lawyer for the CBA’s law reform section, present the CBA’s concerns with proposed amendments to the Investment Canada Act, specifically with the national security review process for foreign investments. (November 20, 2014) UPDATE: Bill C-43 received royal assent on December 16.