Out with the Old: Australia’s APRA Takes Aim at EFS Data

The Australian Prudential Regulation Authority is overhauling its core regulatory reporting requirements, which includes the modernization of the Economic and Financial Statistics data submissions required from Australian banks and various other financial institutions. Wei-Shen Wong reports on the challenges created by the reviewed submissions.

Trading firms can use this data to monitor Australia’s economic growth, create economic forecasts, monitor for bubbles, gain a snapshot of wealth, and look into investment activities in the country. The information that fuels these reports is provided to APRA by authorized deposit-taking institutions (ADIs), such as retail banks and credit unions. After the financial crisis, regulators across the globe realized that they lacked the granular data needed to maintain economic stability in

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: