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
    News

    APRA Sets LAC for D-SIBs, Proposes to Enhance Crisis Preparedness

    APRA issued a letter on the loss-absorbing capacity (LAC) requirements for domestic systemically important banks (D-SIBs) and published a discussion paper, along with the proposed the prudential standards on financial contingency planning (CPS 190) and resolution planning (CPS 900).

    December 02, 2021 WebPage Regulatory News
    News

    EC to Review Macro-Prudential Rules while ESRB Assesses Policy Stance

    The European Commission (EC) launched a call for evidence, until March 18, 2022, as part of a comprehensive review of the macro-prudential rules for the banking sector under the Capital Requirements Regulation (CRR) and Directive (CRD IV).

    December 01, 2021 WebPage Regulatory News
    News

    FSB Sets Out Good Practices for Crisis Management Groups

    The Financial Stability Board (FSB) published a report that sets out good practices for crisis management groups.

    November 30, 2021 WebPage Regulatory News
    News

    APRA Penalizes Heritage Bank for Incorrect Reporting of Capital

    The Australian Prudential Regulation Authority (APRA) found that Heritage Bank Limited had incorrectly reported capital because of weaknesses in operational risk and compliance frameworks, although the bank did not breach minimum prudential capital ratios at any point and remains well-capitalized.

    November 29, 2021 WebPage Regulatory News
    News

    OSFI Releases Annual Report 2021-2022

    The Office of the Superintendent of Financial Institutions (OSFI) released the annual report for 2020-2021.

    November 29, 2021 WebPage Regulatory News
    News

    OSFI Updates Timeline for Implementation of Certain Basel Rules

    Through a letter addressed to the banking sector entities, the Office of the Superintendent of Financial Institutions (OSFI) announced deferral of the domestic implementation of the final Basel III reforms from the first to the second quarter of 2023.

    November 29, 2021 WebPage Regulatory News
    News

    EC Defers Adoption of Regulatory Standards for Disclosures Under SFDR

    EIOPA recently published a letter in which EC is informing the European Parliament and Council that it could not adopt the set of draft regulatory technical standards for disclosures under the Sustainable Finance Disclosure Regulation (SFDR) within the stipulated three-month period, given their length and technical detail.

    November 29, 2021 WebPage Regulatory News
    News

    FCA Releases MIFIDPRU Application Forms and Third Set of Rules on IFPR

    The Financial Conduct Authority (FCA) published the third in a series of policy statements that set out rules to introduce the UK Investment Firm Prudential Regime (IFPR), which will take effect on January 01, 2022.

    November 29, 2021 WebPage Regulatory News
    News

    APRA Finalizes Capital Adequacy Standards for Banks

    The Australian Prudential Regulation Authority (APRA) published, along with a summary of its response to the consultation feedback, an information paper that summarizes the finalized capital framework that is in line with the internationally agreed Basel III requirements for banks.

    November 29, 2021 WebPage Regulatory News
    News

    CPMI-IOSCO Seek Comments on Access to Central Clearing and Portability

    The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a consultative report focusing on access to central counterparty (CCP) clearing and client-position portability.

    November 29, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7751