Featured Product

    APRA Publishes Proposal to Increase Transparency of Banking Data

    December 05, 2019

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies. To this end, APRA has published a consultation on the confidentiality of data used in authorized deposit-taking institution quarterly publications and additional historical data. The quarterly aggregate authorized deposit-taking institution statistical publications include Quarterly Authorized Deposit-taking Institution Performance Statistics (QADIP) and Quarterly Authorized Deposit-taking Institution Property Exposures Statistics (QPEX). In a letter to industry, APRA outlined plans to determine that all data collected for its quarterly authorized deposit-taking institution publications should be considered non-confidential, allowing it to be published. The consultation is open until February 28, 2020.

    The proposed non-confidentiality determination would apply to all such data from the date the authorized deposit-taking institution was required to provide the information to APRA under the relevant reporting standard. The determination will apply prospectively to data of the kind specified in the determination in reporting documents yet to be received by APRA. From 2020, APRA proposes to publish:

    • Entity-level data specified in the consultation (that is related to current authorized deposit-taking institution quarterly publications)
    • Historical data series for entity level data for all data from reporting forms used in its authorized deposit-taking institution publications (Attachment 1) with a three-year lag from when it is given to APRA
    • Specific commentary from individual authorized deposit-taking institutions explaining material revisions to, or large movements in their data, including whether or not APRA requested the revision

    APRA is proposing to determine as non-confidential all the data items sourced from the forms (that is, reporting documents, listed in Attachment 1) used in QADIP. The proposed determination will include data items reported by authorized deposit-taking institutions, highlighted in Attachment 2. APRA also proposes to determine non-confidential, in their entirety, the main forms used for the new version of QPEX and similar forms in the Economic and Financial Statistics (EFS) data collection, due to the significant public interest in and usage of these statistics:

    • Reporting Form ARF 223.0 Residential Mortgage Lending
    • Reporting Form ARF 230.0 Commercial Property
    • Reporting Form ARF 743.0 ABS/RBA Business Finance
    • Reporting Form ARF 744.0 ABS/RBA Housing Credit Stocks, Flows and Interest Rates (Standard/Reduced)

    The move toward greater transparency and scrutiny of the banking sector is aimed to increase accountability, supporting competition, and lifting overall industry standards. At present, APRA publishes less than 1% of the authorized deposit-taking institution data it collects due to legal restrictions in the APRA Act 1998. This change would allow APRA to significantly increase this figure. APRA intends to consult about forms not included in the consultation at a later date.


    Related Links

    Comment Due Date: February 28, 2020

    Keywords: Asia Pacific, Australia, Banking, Reporting, QADIP, QPEX, Data Collection, Statistics, EFS, Transparency, APRA

    Featured Experts
    Related Articles

    BCBS Amends Capital Treatment of Non-Performing Loan Securitizations

    BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.

    November 26, 2020 WebPage Regulatory News

    BoE to Move Statistical Data Collection to BEEDs Portal

    BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.

    November 25, 2020 WebPage Regulatory News

    APRA Updates Reporting Standards and Guidance for EFS Data Collection

    APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.

    November 24, 2020 WebPage Regulatory News

    EC Consults on Criteria for Environmentally Sustainable Activities

    EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.

    November 20, 2020 WebPage Regulatory News

    IFRS Examines Incorporation of Climate Risk Issues into IFRS Standards

    The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.

    November 20, 2020 WebPage Regulatory News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6162