Finance committee  Well, it's a technical bill, right? So there's not a whole lot in there that.... I mean, we have the sorting out of the classes of the CPA. We have some additional powers under the act. We have the extension of our charter, which is important to us. But it's a technical bill, so I can't point to a lot of things in there that help.

Finance committee  Disclosure can always be helpful. I'm not thoroughly familiar with those provisions, but....

Finance committee  Okay. Thank you. We'll look at it.

Finance committee  One of the goals of modern provincial Personal Property Security Act legislation is to bring greater certainty and predictability to the resolution of priority competitions between secured lenders, and this legislation is largely successful in achieving this objective. The continued existence of Bank Act security undermines this purpose, since Bank Act security cannot easily be harmonized with the priority rules of the provincial secured transactions regimes.

Finance committee  Mr. Chair, members of Parliament, thank you for inviting us to share with you some comments on Bill S-5, the Financial System Review Act. My name is David Phillips, and I'm president and CEO of Credit Union Central of Canada, also known as Canadian Central. Canadian Central is the national trade association for its member organizations, and through them, 368 Canadian credit unions.