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

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News

    BIS Discusses Role of Central Banks in Addressing Climate Change Risks

    BIS published a book that reviews ways of addressing the climate change risks within the financial stability mandate of central banks.

    January 19, 2020 WebPage Regulatory News

    FSB Report Examines Global Nonbank Financial Intermediation Activity

    FSB published the ninth annual report examining the global non-bank financial intermediation activity.

    January 19, 2020 WebPage Regulatory News

    OSFI Publishes Instruction Guide on Solvency Information Return

    OSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI.

    January 17, 2020 WebPage Regulatory News

    EU Amends IFRS 9 Rule, Changes Concern Interest Rate Benchmark Reforms

    EU published Regulation 2020/34 regarding the International Accounting Standard (IAS) 39 and International Financial Reporting Standards (IFRS) 7 and 9.

    January 16, 2020 WebPage Regulatory News

    FDIC and OCC Issue Statement on Heightened Cyber Security Risk

    In response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.

    January 16, 2020 WebPage Regulatory News

    BCRA Updates Regulation on Capital Requirements and Information Regime

    BCRA updated the rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime for quarterly and annual supervision.

    January 16, 2020 WebPage Regulatory News

    BoE and FCA Outline Next Steps for LIBOR Transition in 2020

    BoE, FCA, and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents that outline the LIBOR transition priorities and milestones for 2020.

    January 16, 2020 WebPage Regulatory News

    BIS to Expand Central Bank Membership

    BIS is to expand its central bank membership base and to increase collaboration in its work as a forum for international cooperation and as a hub for central banks and other financial authorities.

    January 14, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4511