Document ID: chunk:federal_register_of_legislation:F2023L01436:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 130 of 2023

Reporting Standard ARS 180.0 Counterparty Credit Risk

Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, 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. 53 of 2023, including Reporting Standard ARS 180.0 Counterparty Credit Risk made under that Determination; and
    (b)   determine Reporting Standard ARS 180.0 Counterparty Credit Risk, 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, at the start of the day after it is registered on the Federal Register of Legislation.

This instrument commences at the start of the day after the day the instrument is registered on the Federal Register of Legislation.

Dated: 26 October 2023

Andrew Roberston
Acting Chief Data Officer
Technology and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established under section 15A of the Legislation Act 2003.

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

Schedule

Reporting Standard ARS 180.0 Counterparty Credit Risk comprises the document commencing on the following page.

Reporting Standard ARS 180.0

Counterparty Credit Risk
Objectives of this Reporting Standard
This Reporting Standard requires an authorised deposit-taking institution to submit information to APRA relating to counterparty credit risk exposures.
It includes Reporting Form ARF 180.1 Standardised – Counterparty Credit Risk and CVA Risk and  Reporting Form ARF 180.2 IRB – Counterparty Credit Risk and CVA Risk and associated instructions and should be read in conjunction with Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk, Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk and Prudential Standard APS 180 Capital Adequacy: Counterparty Credit Risk.

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 180.1 Standardised – Counterparty Credit Risk and CVA Risk and Reporting Form ARF 180.2 IRB – Counterparty Credit Risk and CVA Risk is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 180 Capital Adequacy: Counterparty Credit Risk (APS 180). It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).

Application