This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2009-06-16 11:45:00",
"attribution": {
"en": "Mr. Mark O'Connell",
"fr": ""
},
"content": {
"en": "<p data-HoCid=\"1579341\" data-originallang=\"en\">We don't have it in any efficient fashion, given the governance challenge, the consent order prescriptive rules around everything from voting levels and areas in which we.... The switch fee is one of the only ways to raise fees. It's really about putting in place an independent board that can make decisions based on competitive realities and have the retained earnings to invest in the business on a timely basis. This cannot be done today. To agree to a uniform switch fee, you have to have everyone on the same page at the same time in the same budget cycle. This has many elements to it, and consensus building is Herculean. It didn't used to matter when Visa and MasterCard were associations and also took four board meetings to go through a single decision item, but now on a relative basis we are the only ones remaining under this structure, so we are at a severe competitive disadvantage.</p>",
"fr": "<p data-HoCid=\"1579341\" data-originallang=\"en\">Pas de fa\u00e7on efficace \u00e9tant donn\u00e9 nos difficult\u00e9s sur le plan de la gouvernance, les restrictions que nous impose l'ordonnance par consentement \u00e0 tous les niveaux, que ce soit pour les votes et les domaines dans lesquels nous\u2026 Les frais de commutation sont un des seuls moyens d'augmenter les tarifs. Il s'agit, en fait, de mettre en place un conseil ind\u00e9pendant qui pourra prendre des d\u00e9cisions en fonction des r\u00e9alit\u00e9s de la concurrence et d'avoir des b\u00e9n\u00e9fices \u00e0 investir dans l'entreprise au bon moment. Ce n'est pas possible aujourd'hui. Pour adopter des frais de commutation uniformes, il faut que tout le monde soit sur la m\u00eame longueur d'onde au cours du m\u00eame cycle budg\u00e9taire. Il y a de nombreux \u00e9l\u00e9ments \u00e0 consid\u00e9rer et il est extr\u00eamement difficile de parvenir \u00e0 un consensus. Cela ne posait pas de probl\u00e8me quand Visa et MasterCard \u00e9taient des associations qui avaient \u00e9galement besoin de tenir quatre r\u00e9unions du conseil pour prendre une seule d\u00e9cision, mais nous sommes maintenant les seuls \u00e0 avoir encore cette structure de gouvernance qui nous d\u00e9savantage gravement par rapport \u00e0 la concurrence.</p>"
},
"url": "/committees/industry/40-2/28/mark-oconnell-81/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "2838722",
"document_url": "/committees/industry/40-2/28/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Findustry%2F40-2%2F28%2F"
}
}