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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Waters Wavelength
Waters Wavelength Podcast: Episode 241 (Big Tech and the capital markets)
Wei-Shen and Tony explore the idea of big tech companies disrupting the traditional Wall Street vendors.
Subscribe to Weekly Wrap emails
Most read
- Bank consortium led by SocGen seeks to cure post-trade data ills
- Waters Wrap: Owning the data & doing something unique with it—the ultimate alchemy
- Google-Greenwich: Financial firms agree on cloud's ubiquity, but vary widely on use cases
- Broadridge data ontology aims to simplify multi-asset trade data
- SimCorp takes ‘Aim’ at EDM space with DataCare rollout