Media Advisory: CBA Event Highlights How New International Financial Reporting Standards Will Change How Canadian Banks Report Financial Results


TORONTO, ONTARIO--(Marketwire - Jan. 5, 2011) - International Financial Reporting Standards (IFRS) are coming in 2011 and will change the way banks in Canada report their financial results. To help investors better understand the broad impacts of these new requirements on the banking industry, the Canadian Bankers Association is holding an IFRS Investor Education Event on January 10, 2011.

The event will be moderated by Tricia O'Malley, past chair of the Canadian Accounting Standards Board and former member of the International Accounting Standards Board. It will also include a presentation from Jason Boggs, a partner and IFRS specialist from PricewaterhouseCoopers LLP in Toronto, and a panel discussion with senior finance executives from the Canadian banks.

Institutional investors and members of the media are invited to view the webcast of this event or dial in by phone on a listen-only basis. Presentation slides will be available prior to the event at www.cba.ca/ifrs-event.

Date: Monday, January 10, 2011
   
Time: 10:00 – 11:30 a.m. Eastern time
   
Webcast link: http://www.bellwebcasting.ca/audience/index.asp?eventid=79766481
   
Dial in: 416-340-2217 (local)
1-866-696-5910 (toll free)
   
Participant Passcode: 4742660

The webcast and an audio replay will be available for twelve months at: www.cba.ca/ifrs-event

Contact Information: Canadian Bankers Association
Andrew Addison
(416) 362-6093, ext. 220 or Cell: (416) 587-7733
aaddison@cba.ca