APRA published a list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions and insurers. The insurers include superannuation, general insurance, life insurance, private health insurance, and registered financial entities, along with the unauthorized foreign insurers. APRA also updated the list of derivation rules used to generate values in calculated cells in D2A forms. Derivation rules are formulas that automatically calculate (derive) values for attributes, in most cases using the values for other attributes as inputs.
All APRA-reporting entities, including APRA-regulated and registered financial entities, submit data to APRA via D2A. APRA uses validation rules within D2A to validate the data submitted by reporting entities. Entities are expected to correct any reporting errors identified by these rules. D2A is a secure and user-friendly electronic data submission system. It enables APRA-regulated financial entities to lodge statutory returns. Data can be manually entered or imported directly from the information system of reporting institutions. D2A submits returns by passing encrypted information to APRA.
Keywords: Asia Pacific, Australia, Banking, Insurance, D2A, Validation Rules, Derivation Rules, Reporting, APRA
Previous ArticleRBI Amends Level 1 HQLA Requirement for Computing LCR of Banks
Next ArticleEIOPA Publishes its Annual Report for 2017
MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).