Featured Product

    APRA Updates Validation Rules, Proposes Changes Resulting from APS 220

    February 14, 2022

    The Australian Prudential Regulation Authority (APRA) updated the lists of the Direct to APRA validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities. APRA also proposed minor changes to the statistical publications on quarterly authorized deposit-taking institution performance (QADIP) and quarterly authorized deposit-taking institution property exposures (QPEX), with the consultation period ending on March 28, 2022. The proposed changes reflect the introduction of APS 220, the new prudential standard on credit risk management and the consequential changes to the reporting requirements, which took effect on January 01, 2022. These changes are expected to be effective from the March 2022 reference period.

    As a result of the new APS 220, APRA has updated various reporting standards, including reporting standard on credit quality (ARS 220.0). These updates give effect to a variety of changes, as part of which the concept of “impaired” has been replaced with the concept of “non-performing.” In August 2021, APRA had announced a phased implementation of the new ARS 220.0. In the meantime, an interim standard will apply while authorized deposit-taking institutions develop their solutions for delivering the full suite of data. The interim ARS 220.0 takes effect from the March 2022 quarter. Consequential changes to other reporting standards will take effect in the same period, including the reporting standard on residential mortgage lending (ARS 223.0) and commercial property exposures (ARS 230.0). As a result of the reporting standards changes, updates are required to QADIP and QPEX. The proposed changes include discontinuation of certain data series and addition of new data series to the QADIP and QPEX publications. Updates will be made to QADIP asset quality tables and QPEX asset quality items. APRA  also released a mock-up of the proposed statistical publications.

     

    Related Links

     

    Keywords: Asia Pacific, Australia, Banking, Insurance, Validation Rules, Derivation Rules, Reporting, D2A, Basel, Statistical Reporting, QADIP, QPEX, Credit Risk, APS 220, ARS 220, APRA

    Featured Experts
    Related Articles
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    News

    FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates

    The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.

    December 20, 2022 WebPage Regulatory News
    News

    FSB Reports Assess NBFI Sector and Progress on LIBOR Transition

    The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.

    December 20, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8697