Traduction de «comité des marchés financiers » (Français → Anglais) :

Furthermore, the Committee on Payment and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) have developed guidance on recovery plans for financial-market infrastructures, including CCPs, while the FSB has issued further guidance on the application of its Key Attributes of Effective Resolution Regimes to financial market infrastructures such as CCPs.

In addition to the Authority, a European Supervisory Authority (European Banking Authority) and a European Supervisory Authority (European Insurance and Occupational Pensions Authority) as well as a Joint Committee of the European Supervisory Authorities (hereinafter the Joint Committee’) should be established.

In order to ensure a smooth transition of the current tasks of the Committee of European Banking Supervisors, the Committee of European Insurance and Occupational Pensions Supervisors and the Committee of European Securities Regulators to the new ESA, references to those Committees should be replaced in the relevant legislation with references to the European Supervisory Authority (European Banking Authority), the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), respectively.

If the Secretary of State is familiar with such a system-and I am not convinced that he is all that familiar with it, judging by the responses he gave to the finance committee, but let us assume his familiarity-this was specifically one of the recommendations by the internationally renowned group of 30. This was precisely what they said in 1989, that it was necessary to implement and perfect a large value transfer system, so as to reduce the systemic risks on the financial market (1035) This recommendation by the Group of Thirty was so good that the Governor of the Bank of Canada, speaking to members of the financial ...[+++] community this summer before he appeared before the finance committee on August 15, acknowledged that it was enough to improve the large value transfer system in order to reduce, and in fact, if I remember correctly, he did not say reduce, he said eliminate, in referring to the most ambitious risk taking that went on, more ambitious than most people are prepared to undertake.

So if I may, I would also express on behalf of the committee our warmest and sincerest gratitude to these individuals from the Department of Finance: Mr. Doug Wyatt, general counsel, general legal services; Mr. Gusen, of course, who appeared in front of us; Frank Vermaeten, chief of policy development and research, federal-provincial relations division; Doug Adlard, counsel, general legal services; Bill Mitchell, director, financial markets division, financial sector policy branch; Rob Stewart, senior chief, financial markets div ...[+++]ision, financial sector policy; Marc Grandisson, chief, first nations taxation; Keith Horner, chief, social tax policy, tax policy branch; Sylvie Rocheleau, tax policy officer, tax policy branch; Yves Giroux, tax policy officer, tax policy branch; Chantal Maheu, acting chief, agriculture and fisheries, economic development and corporate finance branch; Kristina Knopp, counsel, general legal services; and Stephen Millar, senior economist, international trade and finance branch.

Colleagues, I am now very pleased to welcome to the Standing Senate Committee on National Finance, from the Department of Finance, Wayne Foster, Director, Financial Markets Division, Financial Sector Policy Branch; and Marie-Josée Lambert, Chief, Domestic Debt Management Policy, Financial Sector Policy Division.