APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities. All APRA-reporting entities, including APRA-regulated and registered financial entities, submit data to APRA via the D2A.
APRA uses validation rules within D2A to validate the data submitted by reporting entities. There are two types of D2A validation rules—mandatory and confirmation rules. Mandatory rules identify data, within D2A, that contain mathematical errors and discrepancies or factual inconsistencies. Entities must correct all data that fail mandatory rules, to submit data via D2A. Confirmation rules identify data, within D2A, that indicate reporting errors or require explanation. Entities are expected to correct any reporting errors identified by these rules. The derivation rules, however, are formulae that automatically calculate (derive) values for attributes, in most cases using the values for other attributes as inputs. The rules are updated two weeks prior to the end of each quarter, in particular March 31, June 30, September 30, and December 31.
Keywords: Asia Pacific, Australia, Banking, Insurance, Superannuation, Pensions, D2A, Validation Rules, Reporting, APRA
Previous ArticleAPRA Publishes Details on Committed Liquidity Facility for LCR Banks
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.
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).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.