APRA announced that it is resuming consultation on the confidentiality of data submitted to APRA by the authorized deposit-taking institutions. To this end, APRA has published a consultation letter proposing a list of key data items to be determined non-confidential and is inviting stakeholder feedback on the consultation by November 20, 2020. APRA intends to publish entity-level data in 2021, with the exception of data on certificates of deposit.
Earlier, APRA had published, on December 05, 2019, a letter advising that it was proposing to determine data sources for its authorized deposit-taking institution quarterly publications to be non-confidential and to provide an opportunity to the institutions to make submissions on these proposals. However, this consultation had been paused in response to the challenges posed by the COVID-19 outbreak. The December proposal outlined plans to determine that certain data collected for quarterly authorized deposit-taking institution publications should be considered non-confidential, thus allowing it to be published. A common theme in the industry submissions, by authorized deposit-taking institutions, to the December consultation was to break up and slow down the proposed publication of authorized deposit-taking institution data into more manageable stages. In response to this, APRA is now re-consulting on a much shorter list of key authorized deposit-taking institution metrics, sourced almost entirely from the Quarterly Authorized Deposit-taking Institution Performance Statistics (QADIP). The key authorized deposit-taking institution metrics subject to this consultation relate to capital adequacy, liquidity, asset quality, financial statements, and financial performance.
APRA also intends to use this publication as a foundation to reduce the burden of disclosure requirements for smaller authorized deposit-taking institutions. As has been consulted on previously, APRA is proposing to reduce the Pillar 3 disclosure burden for smaller institutions. Publication of these key metrics by APRA would be an enabler of this initiative. This proposal, which is outlined in Attachment 1 to the APRA letter, is a major step in improving the transparency of the risk profiles of authorized deposit-taking institutions while Attachment 2 to the letter contains a table of key authorized deposit-taking institution metrics. Publication of these data will assist in providing the public with a centralized and consistent data source on individual institutions.
Comment Due Date: November 20, 2020
Keywords: Asia Pacific, Australia, Banking, Securities, Reporting, Disclosures, QADIP, EFS, Statistics, Regulatory Capital, Liquidity, APRA
Previous ArticlePRA Proposes to Amend SS11/13 on Internal Ratings-Based Approaches
The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.
In a response to the questions posed by a member of the European Parliament, the President Christine Lagarde highlighted the commitment of the European Central Bank (ECB) to an ambitious climate-related action plan along with a roadmap, which was published in July 2021.
The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.
The French Prudential Control and Resolution Authority (ACPR) published the corrective version of the RUBA taxonomy Version 1.0.1, which will come into force from the decree of January 31, 2022.
The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.
The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.
The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.
The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).