The Australian Prudential Regulation Authority (APRA) is preparing to expand its monthly banking statistics publication to include data about credit unions and building societies.
The change follows the implementation of the new Economic and Financial Statistics (EFS) data collection from 1 April this year, which was designed to enhance data on key business metrics for authorised deposit-taking institutions (ADIs) and larger non-ADI lenders[1].
As a result, a new Monthly ADI Statistics (MADIS) publication will replace APRA's Monthly Banking Statistics (MBS) publication. The first edition of MADIS, containing data for March to July 2019, will be published on 30 August.
In addition to data on domestic and foreign banks, MADIS will contain data on building societies, most credit unions and other ADIs[2]. Data published in MADIS will be substantially similar to MBS data, but will benefit from improved definitions and consistency under the EFS collection.
In preparation for the inaugural MADIS publication, APRA has released a template for the new publication, as well as explanatory notes and a glossary.
APRA's Executive General Manager for Risk and Data Analytics, Sean Carmody, said: "The creation of MADIS is another important step our efforts to enhance accessibility and usefulness of APRA's data publications.
"The inclusion of credit unions and building societies in the published data set will deliver a new level of transparency across the entirety of the ADI sector. Not only will the new MADIS publication cover a broader range of entities, users will also benefit from higher quality data flowing from the EFS data collection," Mr Carmody said.
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