Monthly Meeting - Payment System Review Task Force Update

Topic:  Payment System Review Task Force Update

Formally announced on June 18, 2010 by the Minister of Finance, the Task Force for the Payments System Review will spend the next year looking at the Canadian payments system with the goal of articulating key recommendations to help guide the future of this important system.

The mandate of the work is broad, and the potential impact for Canadians is significant.

The task force is to:

• Identify public policy objectives to be pursued in the operation and regulation of the payments system;
• Identify and assess the regulatory and institutional structures best suited to achieving these public policy objectives;
• Assess and report on the safety and soundness of the Canadian payments system;
• Assess the competitive landscape by identifying any potential barriers for new entrants and mechanisms to improve the competitive landscape of the domestic payments system;
• Assess the degree of innovation in the domestic payments system and report on the challenges and opportunities to bring new and innovative products to market in Canada; and
• Assess and report on whether consumers and merchants are well served by the domestic payments system.

Speaker: Patricia Meredith, Chair, Payment System Review Task Force

Patricia Meredith is a Professional Associate and Senior Adviser to financial services and technology companies with the strategy consulting firm Monitor Group. She teaches Competitive and Organizational Strategy at York University’s Schulich School of Business and at University of Toronto’s Rotman School of Management, and has served as a director for several public, private and not-for-profit organizations, including Sceptre Investment Counsel Ltd.

Ms. Meredith is formerly Executive Vice President of corporate strategy at Canadian Imperial Bank of Commerce and a member of the bank’s Senior Executive Team. At CIBC she was intimately involved in the development and implementation of strategies
for corporate, investment and retail banking, mortgages, credit cards, payments and other businesses.

Ms. Meredith received a Doctor of Philosophy from York University, a Masters of Business Administration from McMaster University and a Bachelor of Mathematics from the University of Waterloo. In 1994 she was named a Fellow of the Institute of Chartered Accountants.

Cancellation Policy: Cancellations require a minimum 24 hours notice otherwise "No Shows" will be invoiced.