Modernised economic and financial statistics
Over the past few years, the Australian Prudential Regulation Authority (APRA), the Australian Bureau of Statistics (ABS) and the Reserve Bank of Australia (RBA) have worked to modernise Australia’s financial sector data.
The Economic and Financial Statistics (EFS) collection – previously informally known as the Domestic Books collection – will be administered on behalf of the ABS and the RBA by APRA in its role as national statistical agency for the financial sector. It consists of data collected from authorised-deposit-taking institutions (including banks, building societies and credit unions) and registered financial corporations. The data collected will be used to compile key macroeconomic indicators for Australia, for analysis and policy purposes by economic policy makers, and to meet Australia’s international reporting obligations. This has been a large scale and complex project, involving considerable collaboration between the three agencies and the industry.
The new collection will be implemented in a phased approach, with the first phase commencing in March 2019. APRA, the ABS and the RBA will be publishing data from the new collection during 2019. More information on changes to individual agencies’ publications will be published on the relevant agency’s website.
For more information read the EFS frequently asked questions.
- Consultation on proposed ARS 722.0 ABS/RBA Derivatives Data Collection - On 18 November, following a consultation period, APRA released a response to submissions on draft Reporting Standard ARS 722.0 ABS/RBA Derivatives.
- Consultation on proposed changes to reporting and prudential standards resulting from modernised economic and financial statistics data collection implementation - On 19 June 2019, APRA released a response letter on consequential amendments to a number of authorised deposit-taking institution (ADI) prudential and reporting standards resulting from the implementation of the modernised Economic and Financial Statistics (EFS) data collection and introduction of the new Accounting Standard AASB 9 Financial Instruments (AASB 9).
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.