APRA updates reporting schedule for new operational risk reporting standard

The Australian Prudential Regulation Authority (APRA) has released for consultation an update to the reporting schedule for Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk (ARS 115.0).

This update aims to simplify reporting requirements for authorised deposit-taking institutions by extending the reporting frequency for submissions on ARS 115.0 from quarterly to annually.

The letter to industry and clean and marked up versions of the reporting standard are available on the APRA website at: Revisions to the capital framework for authorised deposit-taking institutions.

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