Document ID: chunk:federal_register_of_legislation:F2019L01196:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 30 of 2019

Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB)

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

  (a)   REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2009, including Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB) made under that Determination; and

  (b)   DETERMINE Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB), in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 October 2019.

This instrument commences on 1 October 2019.

Dated: 10 September 2019

[Signed]

Alison Bliss
General Manager
Data Analytics & Insights Division

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB) comprises the document commencing on the following page.

Reporting Standard ARS 117.1

Interest Rate Risk in the Banking Book (IRRBB)

Objective of this reporting standard

This Reporting Standard outlines the overall requirements for the provision of information to APRA in relation to an authorised deposit-taking institution's interest rate risk in the banking book regulatory capital.

It includes Reporting Form ARF 117.1 Interest Rate Risk in the Banking Book designated for an authorised deposit-taking institution reporting at Level 1 and Level 2, and the associated instructions and should be read in conjunction with Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs).

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

2.             Information collected in Reporting Form ARF 117.1 Interest Rate Risk in the Banking Book (ARF 117.1) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) (APS 117).  It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.

Application

3.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) that has APRA's approval or is seeking APRA's approval to use an internal model approach for the calculation of the ADI's interest