Consultation on proposed changes to due dates of quarterly reporting for ADIs
To: All authorised deposit-taking institutions
The Australian Prudential Regulation Authority (APRA) has today commenced consultation on a proposal to standardise due dates for ADI quarterly forms. APRA is proposing that the due dates of all reporting forms referred to in the Attachment be standardised to 35 calendar days after the quarter end.
This change will provide more time to submit the majority of forms and provides greater clarity to the industry on reporting timeframes.
As part of this proposal APRA intends to immediately grant an extension to all quarterly ADI reporting forms that are currently due before the 35th calendar day. Changes to due dates for all other quarterly forms will be implemented in the relevant reporting standard when they are next reviewed.
Background
APRA collects data from ADIs under the Financial Sector (Collection of Data) Act 2001 (FSCODA), including collections on behalf of agencies such as the Australian Bureau of Statistics (ABS) and Reserve Bank of Australia (RBA).
APRA has developed its ADI reporting standards separately over time. This has resulted in a variety of due dates for quarterly ADI reporting with a mixture of business day and calendar day based due dates.
A standardised submission date will eliminate multiple rounds of data queries and align the data query process conducted by APRA, the RBA and the ABS. It will reduce the likelihood of duplicate queries being received by an ADI.
Proposed reporting due date
Aligning reporting due dates will provide an extension of time for most ADIs. In previous consultations, ADIs have expressed a preference for reporting timelines that provide sufficient time for internal review and sign-off of data that will be provided to APRA[1]. The proposed standardised reporting due date will address this concern.
Implementation timeline
APRA proposes incorporating the change to reporting due dates when each reporting standard is next revised. In the interim, APRA would grant an extension to 35 calendar days to relevant ADIs. The full implementation of changes to all reporting standards may take several years. Over this period APRA will continue to engage with ADIs to make them aware of upcoming revisions to the reporting standards.
Consultation period
Written submissions on this proposal should be sent toDataAnalytics@apra.gov.au by 7 February 2020 and addressed to:
Senior Manager, Data Strategy and Frameworks, Data Analytics and Insights
Australian Prudential Regulation Authority
Yours sincerely,
Alison Bliss
General Manager
Data Analytics and Insights
Important disclosure notice – publication of submissions
All information in submissions will be made available to the public on the APRA website unless a respondent expressly requests that all or part of the submission is to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as confidential in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.
Attachment – ADI quarterly reporting forms
Reporting form | Subject | Current reporting due date |
|---|---|---|
ARF 110.0.1 Capital adequacy (Level 1) ARF 110.0.2 Capital adequacy (Level 2) ARF 111.0 Fair Values | Capital adequacy
| 30 business days (BD) – Advanced banks 20 BD – Standardised banks and other ADIs 15 BD – CUBS |
ARF 112.1A Standardised credit risk – On-balance sheet assets ARF 112.2A Standardised credit risk – Off-balance sheet exposures | Credit risk - standardised | 20 BD |
ARF 113.0A – ARF 113.0E Foundation Internal Ratings-based (FIRB) Approach to Credit Risk ARF 113.1A – ARF 113.1E Advanced Internal Ratings-based (AIRB) Approach to Credit Risk ARF 113.2 Internal Ratings-based (IRB) Approach to Credit Risk – Specialised Lending Supervisory Slotting ARF 113.3A – ARF 113.3D Internal Ratings-based (IRB) Approach to Credit Risk - Retail ARF 113.4 Internal Ratings-based (IRB) Approach to Credit Risk – Other Assets, Claims and Exposures | Credit risk - advanced | 30 BD |
ARF 114.0 Standardised Approach – Operational risk | Operational risk - standardised | 30 BD – Advanced banks 20 BD – Standardised banks and other ADIs 15 BD – CUBS |
ARF 115.0 Advanced Measurement Approaches (AMA) to Operational Risk | Operational risk - advanced | 30 BD |
ARF 116.0 – ARF 116.0.23 Market risk table ARF 116.0.SU Market risk summary table | Market risk - standardised | 30 BD – Advanced ADIs 20 BD – All other ADIs |
ARF 117.0A Repricing analysis – denominated in AUD ARF 117.0B.1 – ARF 117.0B.9 Repricing Analysis – denominated in foreign currency | Market risk - standardised | 15 BD – CUBS 20 BD – Branches of foreign banks, standardised banks, other ADIs 30 BD – Applicant/advanced banks |
ARF 117.1 Interest rate risk in the banking book | Market risk - advanced | 30 BD |
ARF 118.0 Off-balance sheet business | Credit risk - standardised | 15 BD – CUBS 20 BD – Branches of foreign banks, standardised banks, other ADIs 30 BD – Applicant/advanced banks |
ARF 118.1 Other Off-Balance Sheet Exposures | Credit risk - advanced | 28 calendar days (CD) |
ARF 120.1 Securitisation – Regulatory Capital ARF 120.2 Securitisation – Supplementary items | Securitisation | 28 CD |
ARF 180.1 Standardised – Counterparty Credit Risk and CVA Risk ARF 180.2 IRB – Counterparty Credit Risk and CVA Risk
| Credit risk – standardised and advanced | 28 CD |
ARF 210.1A Liquidity Coverage Ratio – all currencies ARF 210.1B Liquidity Coverage Ratio – AUD only ARF 210.2 – Minimum Liquidity Holdings Ratio ARF 210.3.1 Contractual Maturity Mismatch – Funded Assets ARF 210.3.2 Contractual Maturity Mismatch – Funding Liabilities and Capital ARF 210.6 Net Stable Funding Ratio | Liquidity | 28 CD |
ARF 220.0.C Impaired Facilities (Consolidated) ARF 220.0.L Impaired Facilities (Licensed) | Credit risk | 20 BD - Banks 15 BD – CUBS and other ADIs |
ARF 220.3 Prescribed Provisioning
| Credit risk | 20 BD – Banks and other ADIs 15 BD - CUBS |
ARF 220.5 Movements in Provisions for Impairment
| Credit risk | 25 BD – Banks and other ADIs 15 BD - CUBS |
ARF 221.0 Large Exposures ARF 221.1 Large Exposures – Foreign ADI | Large exposures | 28 CD |
ARF 222.0 Exposures to Related Entities | Related entities | 20 BD – Banks 15 BD – CUBS and other ADIs |
ARF 223.0 Residential Mortgage Lending | Residential mortgage lending | 28 CD |
ARF 226.0 Margining and risk mitigation for non-centrally cleared derivatives | Credit risk | 28 CD |
ARF 230.0 Commercial Property | Commercial property | 20 BD |
ARF 322.0 Statement of Financial Position (Consolidated) | Financial statements | 28 CD |
ARF 323.0 Statement of Financial Position (Licensed) | Financial statements | 28 CD |
ARF 325.0 International Operations | Financial statements | 20 BD |
ARF 330.0.C Statement of Financial Performance (Consolidated Group) ARF 330.0.L Statement of Financial Performance (Licensed ADI) ARF 330.1.C Interest Income and Interest Expense (Consolidated Group) ARF 330.1.L Interest Income and Interest Expense (Licensed ADI) ARF 330.2.C Other Operating Income (Consolidated Group) ARF 330.2.L Other Operating Income (Licensed Entity) ARF 330.3 Other Operating Expenses | Financial statements | 25 BD – Banks and other ADIs 15 BD - CUBS |
ARF 731.1 International Banking Statistics – Locational Data ARF 731.3A International Banking Statistics – Immediate and Ultimate Risk Exposures – Domestic Entity ARF 731.3B International Banking Statistics – Immediate and Ultimate Risk Exposures – Foreign Entity ARF 731.4 International Banking Statistics – Balance Sheet Items | International banking statistics | 28 CD |
ARF 760.0 ATO Collection for Major Bank Levy | Other requirements | 30 BD |