The Australian Prudential Regulation Authority (APRA) has released a response on its proposed changes to the Economic and Financial Statistics (EFS) reporting standards and guidance, drafted in conjunction with the Australian Bureau of Statistics (ABS) and the Reserve Bank of Australia (RBA).
follows the consultation released in September 2023 proposing to amend some inconsistencies found in Reporting Standard ARS 701.0 – ABS/RBA Definitions for the EFS Collection Reporting Practice Guide and RPG 701.0 ABS/RBA Reporting Concepts for the EFS Collection and to align with the updated capital framework released in 2021. APRA, the ABS and the RBA also consulted on changes to the EFS Priority Listing for Data Items.
The response letter, the finalised reporting standard, guide and Priority Listings Excel workbook, and non-confidential submissions are available on the APRA website at:.
