Featured Product

    APRA Revises Prudential Standard on Public Disclosures

    March 19, 2018

    APRA revised and published the final standard APS 330, which is the Prudential Standard on Public Disclosures. APS 330 will be effective from July 01, 2018. APRA also published its response to the submissions received to the proposal for revised APS 330.

    APS 330 facilitates market discipline by providing a set of common disclosure requirements for authorized deposit-taking institutions. These disclosure requirements allow market participants to assess the institutions' capital adequacy, remuneration, and other indicators of financial condition and risk profile. APS 330 of APRA implements Pillar 3 disclosure requirements of BCBS. APRA had, in November 2017, released the consultation on APS 330 to include disclosure requirements for the net stable funding ratio (NSFR). APRA received two submissions in response to its proposals:

    • One submission sought clarification on the disclosure of certain items in the NSFR disclosure template and the frequency of liquidity disclosures. In the final APS 330, APRA has provided additional guidance to clarify the issues raised with the NSFR disclosure template (Attachment F on Liquidity disclosures of the final revised APS 330). Regarding the frequency of liquidity disclosures, APRA confirms that NSFR disclosures must be made with the same frequency as, and concurrent with, the lodgment of the authorized deposit-taking institutions’ financial reports under the Corporations Act. However, the liquidity coverage ratio (LCR) disclosures are required on a quarterly basis.
    • The other submission suggested how APS 330 could be improved. The BCBS Pillar 3 framework, particularly the requirements for credit risk disclosures, are likely to be further revised following finalization of the Basel III reforms. APRA intends to consult on further changes to APS 330 and the Pillar 3 framework, when the next phase of the review of BCBS is finalized. 

     

    Related Links

    Effective Date: July 01, 2018

    Keywords: Asia Pacific, Australia, Banking, Pillar 3, Basel III, APS 330, NSFR, LCR, Disclosure Requirements, APRA

    Featured Experts
    Related Articles

    PRA Publishes Q&A on Property Valuation Requirements Under CRR

    PRA published a set of questions and answers (Q&A) covering common queries regarding residential and commercial property valuations, for the purpose of the Capital Requirements Regulation (CRR), during the period of disruption caused by COVID-19 pandemic.

    May 29, 2020 WebPage Regulatory News

    EBA Publishes Guidelines on Loan Origination and Monitoring

    EBA published guidelines on loan origination and monitoring, which bring together prudential standards and consumer protection obligations, along with the anti-money laundering and the Environmental, Social, and Governance (ESG) considerations.

    May 29, 2020 WebPage Regulatory News

    EBA Proposes Revised Standards for Own Funds and Eligible Liabilities

    EBA published a consultation paper on the draft amended regulatory technical standards on own funds and eligible liabilities.

    May 29, 2020 WebPage Regulatory News

    EBA Sets Out Supervisory Convergence Plan for 2020

    EBA published a report on convergence of supervisory practices in 2019.

    May 29, 2020 WebPage Regulatory News
    News

    IOSCO Consults on Outsourcing Principles for Operational Resilience

    IOSCO proposed updates to its principles for regulated entities that outsource tasks to service providers.

    May 28, 2020 WebPage Regulatory News
    News

    MAS Consortium to Develop AI Fairness Metrics for Credit Scoring

    MAS announced that the first phase of the Veritas initiative will commence with the development of fairness metrics in credit risk scoring and customer marketing.

    May 28, 2020 WebPage Regulatory News

    BoE Updates Definitions for BTL Data Collection

    BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item.

    May 28, 2020 WebPage Regulatory News
    News

    FSI Examines Financial Stability Implications of Payment Deferrals

    FSI published a brief note that examines challenges facing the banking sector as a result of the payment deferral programs put in place to support borrowers affected by the COVID-19 pandemic.

    May 28, 2020 WebPage Regulatory News
    News

    RBNZ Publishes Financial Stability Report for May 2020

    RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.

    May 27, 2020 WebPage Regulatory News
    News

    PRA Finalizes Policy on Prudent Person Principle Under Solvency II

    PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.

    May 27, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5234