Document ID: chunk:federal_register_of_legislation:F2024L01075:body:0:p3
Version: federal_register_of_legislation:F2024L01075
Segment Type: other
Provision Reference: 
Character Range: 5773–8890

relevant underlying data and information. Significant changes in risk exposures between reporting periods must be described, together with the appropriate response by management.
 2.          Disclosures must provide sufficient information in both qualitative and quantitative terms on an ADI's processes and procedures for identifying, measuring, and managing those risks. The level of detail of such disclosure must be proportionate to an ADI's complexity.
 3.          Disclosures must be consistent with the manner in which the ADI assesses and manages risks and strategy, helping users to understand its risk tolerance and appetite. Where the minimum requirements for prudential disclosures set out in this Prudential Standard do not adequately capture this, the ADI must disclose additional information.

Disclosures must be meaningful to intended users
 1.          Disclosures must highlight an ADI's most significant current and emerging risks and how those risks are managed, including information that is likely to receive market attention. Where meaningful, linkages must be provided to line items on the balance sheet or the income statement. Voluminous disclosures that do not add value to users' understanding or do not communicate useful information must be avoided. Furthermore, information which is no longer meaningful or relevant to users must be removed.

Disclosures must be consistent over time
 1.          Disclosures must be consistent over time to enable key stakeholders to identify trends in an ADI's risk profile across all significant aspects of its business. Additions, deletions and other important changes in disclosures from previous reports, including those arising from an ADI's specific, regulatory or market developments, must be highlighted and explained.

Disclosures must be comparable across ADIs
 1.          The level of detail and the format of presentation of disclosures must be sufficient to enable key stakeholders to perform meaningful comparisons of business activities, prudential metrics, risks, and risk management between ADIs and across jurisdictions.

General requirements
 1.          An ADI must make the prudential disclosures as set out in the Standard made by the Basel Committee on Banking Supervision (BCBS Standard) titled "Disclosure requirements", as the BCBS Standard exists from time to time, subject to the modifications specified in Attachment A of this Prudential Standard. The BCBS Standard, including disclosure templates and tables that an ADI must complete and disclose, is available on the Bank of International Settlements website.[2]
 2.          An ADI may make minor modifications to the content of its disclosures under the BCBS Standard where there are inconsistencies between the BCBS Standard and the applicable requirements in any Prudential Standards. The modified disclosures must include a description of the modifications and commentary to explain why the modification was made. The ADI must notify APRA regarding the modifications in advance of making the modified disclosures. The ADI is not required to notify APRA again if