APRA updates ARS 701.0 for Economic and Financial Statistics collection
The Australian Prudential Regulation Authority (APRA) has updated Reporting Standard ARS 701.0 - ABS/RBA Definitions for the EFS Collection (ARS 701.0) and RPG 701.0 ABS/RBA Reporting Concepts for the EFS Collection.
ARS 701.0 is available for both authorised deposit-taking institutions and registered financial corporations on the Federal Register of Legislation via the APRA website.
Further information about the updates to ARS 701.0 are available on the APRA website at: Latest updates to the modernised Economic and Financial Statistics reporting standards and guidance.
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.