General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
May 07, 2018

APRA had commenced a major data transformation program to keep pace with the advancements in data, analytics, and technology. In December of last year, APRA had announced its decision to replace the data collection tool, Direct to APRA (D2A), with a new Data Collection Solution. APRA intends to finalize the design of the new Data Collection Solution this year and commence its implementation from late 2018. The roll-out and transition period is expected to start from late 2019. APRA also published an overview of the feedback received so far and continues to invite further feedback through a variety of avenues that will be available now and on an ongoing basis, as implementation takes place.

Based on stakeholder feedback calling for a system that is simpler, easier to use, and requires less manual entry, APRA requests further guidance and feedback to shape a solution that will adapt to future needs as reporting requirements, data analytics. and technology continue to evolve. The new solution is intended to be easier to use, without requiring software download and with an intuitive interface. It is expected to reduce ongoing maintenance and support costs, by enabling data uploads, so it is less dependent on manual data entry than D2A. It will also be web-based, which simplifies system maintenance.  APRA intends to develop the new system fully based on Standard Business Reporting taxonomies. To shape the new Data Collection Solution, APRA want to know:

  • What design features and functions in the new system would benefit an organization?
  • What is involved in an organization’s processes for compiling data to submit to APRA?
  • How challenging will an organization find it to switch from D2A attribute codes to SBR?
  • How can APRA work with industry to lessen the burden of moving to the new system?

 

Related Links

Keywords: Asia Pacific, Australia, Reporting, D2A, Data Collection, APRA

Related Articles
News

APRA Proposes Changes to Credit Risk Management Standard for Banks

APRA is proposing to update its prudential standard on credit risk management requirements for authorized deposit-taking institutions.

March 25, 2019 WebPage Regulatory News
News

EIOPA Publishes Q&A on Regulations in March 2019

EIOPA updated questions and answers (Q&A) on the implementing and delegated regulations related to the Solvency II Directive.

March 25, 2019 WebPage Regulatory News
News

BCBS Issues Follow-Up Reports on Basel III Implementation Assessments

BCBS published a report summarizing the follow-up actions taken or planned by member jurisdictions as of the end of 2018; these actions are intended to address deviations from the Basel standards identified as part of the Regulatory Consistency Assessment Program (RCAP).

March 25, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Fourth Update for March 2019

EBA published answers to five questions under the Single Rulebook question and answer (Q&A) updates for this week.

March 22, 2019 WebPage Regulatory News
News

ECB Updates Validation Checks and List of Identifiers Under AnaCredit

ECB updated the AnaCredit validation checks (Version 1.4) and the list of national identifiers (version 2.4) for AnaCredit reporting.

March 21, 2019 WebPage Regulatory News
News

BCBS Publishes Results of the Basel III Monitoring Exercise

BCBS published results of the Basel III monitoring exercise based on data as of June 30, 2018.

March 20, 2019 WebPage Regulatory News
News

EBA, FCA, and PRA Agree on MoU Template for Supervisory Cooperation

EBA, FCA, and PRA announced that they have agreed on a template for the Memorandum of Understanding (MoU) that sets out the expectations for supervisory cooperation and information-sharing arrangements between UK and EU/European Economic Area national authorities.

March 20, 2019 WebPage Regulatory News
News

HKMA Publishes CoP on Loss-Absorbing Capacity Requirements of Banks

HKMA issued, in relation to the Financial Institutions Resolution (Loss-Absorbing Capacity Requirements—Banking Sector) Rules (LAC Rules) a chapter of a code of practice (LAC CoP) under section 196 of the Financial Institutions Resolution Ordinance (FIRO).

March 20, 2019 WebPage Regulatory News
News

EBA Publishes Reports Monitoring the Implementation of Basel III in EU

EBA published two reports measuring the impact of implementing the final Basel III reforms and monitoring the implementation of liquidity measures in EU.

March 20, 2019 WebPage Regulatory News
News

BCBS Publishes Results of Survey on Proportionality in Bank Regulation

BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision.

March 19, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2786