Proposed changes to Reporting Standard ARS 180.0 Counterparty Credit Risk
TO: ALL AUTHORISED DEPOSIT-TAKING INSTITUTIONS
APRA is consulting affected ADIs on proposed changes to Reporting Standard ARS 180.0 Counterparty Credit Risk (ARS 180.0). These are to:
- Amend ARS 180.0 to only apply to significant financial institutions (SFIs) as previously announced in updated prudential standards and guidance (see APG 110 Capital Adequacy), as part of the new capital framework’s reduction of reporting burden on smaller ADIs; and
- Move Reporting Form ARF 226.0 Margining and risk mitigation for non-centrally cleared derivatives (ARF 226.0) to a new reporting standard called Reporting Standard ARS 226.0 Margining and risk mitigation for non-centrally cleared derivatives (ARS 226.0), with no change in reporting obligations, to make it easier for the industry to locate this reporting form. Presently ARF 226.0 is located in ARS 180.0.
These proposed changes will align the regulatory burden on non-SFIs with APRA’s previous prudential guidance, as part of the new capital framework’s reduction of reporting burden on smaller ADIs and improve entities’ understanding of regulatory obligations.
APRA is undertaking a short consultation on the proposed changes to ARS 180.0 and creation of a new reporting standard ARS 226.0 for the existing reporting from ARF 226.0. Please provide any feedback to dataconsultations@apra.gov.au by 22 September 2023, addressed to the Senior Manager, Data Collection Design and Management.
Yours sincerely,
Surabhi Jain
Chief Data Officer
Technology and Data Division