Featured Product

    APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

    May 22, 2019

    APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR). These reporting standards are ARS 112.2, ARS 118.1, and ARS 180.0. The reporting standards have been updated in response to amendments to the Banking Act 1959 (Banking Act), which ease restrictions on the use of the term “bank.” These reporting standards will commence on July 01, 2019.

    The updated reporting standards include the following:

    • Reporting Standard ARS 112.2 Standardized Credit Risk: Off-balance Sheet Exposures (including Reporting Form ARF 112.2A)
    • Reporting Standard ARS 118.1 Other Off-balance Sheet Exposures (including ARF 118.1)
    • Reporting Standard ARS 180.0 Counterparty Credit Risk (including Reporting Forms ARF 180.1, ARF 180.2, and ARF 226.0)

    The Department of Treasury, in July 2017, consulted on amendments to section 66 of the Banking Act and these amendments were designed to reduce regulatory barriers to entry for new and innovative entrants to the banking system. The amendments were later introduced by the Treasury Laws Amendment (Banking Measures No. 1) Bill 2017, which received Royal Assent and commenced on March 05, 2018. These amendments allow any authorized deposit-taking institution to use the term “bank” in relation to the authorized deposit-taking institution's financial business unless APRA makes a "determination" under subsection 66AA(3) of the Banking Act. Two of the reporting standards currently use the term “bank” to specify units of measurement used on forms.

    The amendments to the Banking Act mean that, to ensure that data collected remains fit for purpose, a new method of categorizing entities is needed. The standard wording in each of the three reporting standards has been updated to align it with the current practice. The operation of each reporting standard outside these areas remains unchanged. The data items required, their definition, the applicable entities, and the due dates have not changed.

     

    Related Links

    Effective Date: July 01, 2019

    Keywords: Asia Pacific, Australia, Banking, CCR, SA-CCR, Capital Adequacy, Reporting, ARF 226, ARF 180, ARF 112.2A, ARF 118.1, APRA

    Featured Experts
    Related Articles
    News

    EIOPA Forms Consultative Expert Group on Digital Ethics in Insurance

    EIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.

    September 17, 2019 WebPage Regulatory News
    News

    FASB Proposes Taxonomy Changes Related to Topics 848 and 470

    FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Statement on Recalculating Transitional Measures Under Solvency II

    BoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Hosts Conference to Discuss Issues from Emergence of Stablecoins

    BIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Paper on Embedded Supervision of Blockchain-Based Financial Market

    BIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Paper on Market-Implied Systemic Risk and Shadow Capital Adequacy

    BoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.

    September 13, 2019 WebPage Regulatory News
    News

    HKMA Consults on Policy Module on Pillar 2 Supervisory Review Process

    HKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.

    September 13, 2019 WebPage Regulatory News
    News

    PRA Publishes Waiver by Consent of Continuity of Access Rules

    PRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP).

    September 13, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: Second Update for September 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.

    September 13, 2019 WebPage Regulatory News
    News

    BoE Publishes Update on Meeting of Working Group on Risk-Free Rates

    BoE published the minutes of the July meeting of working group on sterling risk-free reference rates.

    September 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3827