Featured Product

    APRA Updates Reporting Standard on Interest Rate Risk in Banking Book

    September 26, 2019

    APRA has remade ARS 117.1, the reporting standard on interest rate risk in the banking book (IRRBB), which was due to expire on October 01, 2019. The new reporting standard has updated references to the prudential standard APS 117, which sets out the requirements that an authorized deposit-taking institution with approval to use an internal model for IRRBB must meet for regulatory capital purposes. The updated ARS 117.1 will apply for reporting periods commencing on or after October 01, 2019.

    Even after the new standard becomes applicable, the reporting requirements and the group of authorized deposit-taking institutions that are required to report will remain unchanged. APRA will maintain the existing reporting requirements while it consults on revisions to the framework for IRRBB. On September 04, 2019, APRA had launched a consultation on the IRRBB framework for authorized deposit-taking institutions. This consultation ends on December 06, 2019. Additionally, APRA is expected to propose changes to the reporting and disclosure requirements and a revised prudential practice guide for IRRBB in 2020. APRA has proposed for the revised APS 117 to commence on January 01, 2022, in line with the international agreed Basel committee implementation timeline. 

    ARS 117.1 outlines the overall requirements for the provision of information to APRA in relation to the IRRBB regulatory capital of an authorized deposit-taking institution. ARS 117.1, which should be read in conjunction with APS 117, includes the reporting form ARF 117.1 and the associated instructions for an authorized deposit-taking institution reporting at Level 1 and Level 2. ARS 117.1 applies to an authorized deposit-taking institution that has approval from APRA or is seeking approval form APRA to use an internal model approach for the calculation of the IRRBB regulatory capital of an authorized deposit-taking institution. 

     

    Related Links

    Effective Date: October 01, 2019

    Keywords: Asia Pacific, Australia, Banking, IRRBB, ARS 117.1, APS 117, Interest Rate Risk, Internal Models, Regulatory Capital, Reporting, APRA

    Featured Experts
    Related Articles
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    News

    OSFI Sets Out Plan for Future Guidance on Managing Technology Risk

    OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.

    May 10, 2021 WebPage Regulatory News
    News

    MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance

    MAS updated rules for new housing loans by banks and finance companies.

    May 10, 2021 WebPage Regulatory News
    News

    HKMA Publishes Guideline on Sustainable Finance Grant Scheme

    HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.

    May 09, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6959