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APRA remakes Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book

Thursday 26 September 2019

The Australian Prudential Regulation Authority (APRA) has remade the Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB) (ARS 117.1), which was due to expire on 1 October 2019.

The new reporting standard has updated references to APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) and standard wording. The reporting requirements and the group of authorised deposit-taking institutions (ADIs) that are required to report will remain unchanged.

APRA will maintain the existing reporting requirements while it consults on revisions to the framework for IRRBB. Further information on this consultation can be found at Consultations on revisions to the capital framework for authorised deposit-taking institutions.

The updated ARS 117.1 will apply from 1 October 2019. Copies of the reporting standard are available on the APRA website at Prudential and Reporting Standards for Authorised deposit-taking institutions.

If you require any additional information or support, please email: DataAnalytics@apra.gov.au.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.