Ceasing several ad hoc data collections
The Australian Prudential Regulation Authority (APRA) has announced it is ceasing several of its ad hoc data collections for authorised deposit-taking institutions (ADIs). This includes several COVID-19-associated collections.
APRA will continue to regularly appraise its individual data collections to ensure they meet supervisory purposes.
APRA values industry feedback and will continue to look for ways to simplify and automate its data collection process.
The letter to ADIs is available on the APRA website at: Ceasing several ad hoc data collections.
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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.