APRA releases Basel II reporting requirements

With less than 90 working days before the implementation of the Basel II Framework in Australia, APRA has released its proposed reporting
requirements
(pdf) for authorised deposit-taking institutions (ADIs) under
the new Basel II capital adequacy regime.

APRA proposes to finalise and
issue the reporting standards, reporting forms and instruction guides
in late 2007, following the release of the full suite of finalised
Basel II prudential standards. The reporting standards will come into
effect at the same time as the Framework, on 1 January 2008; the first
submission of data will be for the period 1 January 2008 to 31 March
2008.

A recent speech by Bernie Egan, Program Director, Basel II Australian Prudential Regulation Authority provides useful background on the changes.

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