APRA releases letter to ADIs and RFCs on changes to Economic and Financial Statistics
The Australian Prudential Regulation Authority (APRA) has issued a consultation letter to authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) regarding proposed changes to modernised Economic and Financial Statistics (EFS) reporting standards and guidance.
The letter and proposed changes to the EFS reporting standards and guidance are available on the APRA website at: Proposed changes to modernised economic and financial statistics (EFS) reporting standards and guidance.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.