Canadian banks highlight impact of new Basel II disclosure requirements on first quarter financial reporting
For Immediate Release
January 23, 2008
Toronto, ON – Canada’s banks are preparing to report financial results for the first quarter of fiscal 2008 under the new Basel II external disclosures (Pillar 3) of the Basel II Framework on capital adequacy requirements. The Canadian Bankers Association is hosting an information session to help explain the new capital rules for major banks in Canada. The purpose of the event is to introduce and discuss with analysts, investors, rating agencies and journalists the implications of the banks’ implementation of Basel II on regulatory capital calculations.
Members of the media are invited to view the webcast of this event or dial in by phone on a listen-only basis.
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Date: |
Friday, January 25, 2008 |
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Time: |
8:00 – 9:00 a.m. (Presentations) |
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Webcast link: |
www.cba.ca/basel |
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Dial in: |
416-641-6105 (local) |
Presentations will be made by Vivek Wadhwa, Principal, McKinsey & Co. and by representatives from the Office of the Superintendent of Financial Institutions. Following the remarks, risk management participants from BMO Financial Group, CIBC, National Bank of Canada, The Bank of Nova Scotia, TD Bank Group and RBC will answer questions.
For more information:
Melanie Minos
Canadian Bankers Association
Tel: (416) 362-6093, ext. 220
Cell: (416) 587-7733
E-mail: mminos@cba.ca
