Document ID: chunk:federal_register_of_legislation:F2024L01127:front:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 13 of 2024

Reporting Standard ARS 113.0 Capital Adequacy: Internal Ratings-based Approach to 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:

     1.           revoke Financial Sector (Collection of Data) (reporting standard) determination No. 50 of 2023, including Reporting Standard ARS 113.0 Capital Adequacy: Internal Ratings-based Approach to Credit Risk made under that Determination; and

     1.           determine Reporting Standard ARS 113.0 Capital Adequacy: Internal Ratings-based Approach to Credit Risk, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraphs 3 and 4 of that reporting standard.

Under section 15 of the Act, I declare that Reporting Standard ARS 113.0 Capital Adequacy: Internal Ratings-based Approach to Credit Risk shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day after this instrument is registered on the Federal Register of Legislation.

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

Dated: 5 September 2024

Andrew Robertson
General Manager - 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 113.0 Capital Adequacy: Internal Ratings-based Approach to Credit Risk comprises the document commencing on the following page.

Reporting Standard ARS 113.0

Capital Adequacy: Internal Ratings-based Approach to Credit Risk

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA in relation to an authorised deposit-taking institution's exposures that are subject to calculations using the internal ratings-based approach to credit risk.

It includes associated instructions (all of which are attached and form part of this Reporting Standard) and should be read in conjunction with Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk.

Authority

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

Purpose

 1.              The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with capital adequacy standards. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).

Application and commencement

 1.               This Reporting Standard applies to an authorised deposit-taking institution (ADI) that is applying the