Operational risk
January 2022
On 20 January 2022, APRA released for consultation an update to the reporting schedule for Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk (ARS 115.0) to simplify reporting requirements for ADIs.
The letter to industry and marked up and clean versions of the reporting standard can be found below:
Letter
Reporting standard
March 2021
Release of finalised reporting standard for ARS 115.0 Capital Adequacy
On 3 March 2021, APRA released a response to submissions on proposed changes to Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk (ARS 115.0). The response includes final operational risk reporting requirements for authorised deposit-taking institutions which are contained in ARS 115.0.
The response letter and clean and marked-up copies of ARS 115.0 can be found below:
Letter
Reporting standard
December 2019
Release of final prudential standard APS 115 and consultation on draft reporting standard ARS 115.0
On 11 December 2019, APRA released the final operational risk requirements for authorised deposit-taking institutions (ADIs) which are contained in Prudential Standard APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk (APS 115).
In addition, APRA has commenced consultation on a new reporting standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk (ARS 115.0), which will collect data from ADIs reflecting the prudential requirements set out in APS 115.
Written submissions on draft ARS 115.0 are requested by 21 February 2020.
The response letter, APS 115 and draft ARS 115.0 can be found below:
Letter
Release of final Prudential Standard APS 115 and draft Reporting Standard ARS 115.0 for comment
Prudential standard
Reporting standard
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you 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.