APRA and XBRL: Renewed interest after seven years Dr Steve Davies. Overview. APRA’s role APRA Statistics improvement program Use of XBRL Outcome Red tape review posed risks and opportunities APRA and SBR How to promote XBRL?. 2. APRA is the integrated prudential regulator.
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APRA and XBRL:
Renewed interest after seven years
Dr Steve Davies
APRA Statistics improvement program
Use of XBRL
Red tape review posed risks and opportunities
APRA and SBR
How to promote XBRL?
APRA is the integrated prudential regulator
APRA’s role is to promote prudent behaviour of financial institutions to enhance public confidence.
APRA must balance financial safety with efficiency, competition, contestability and competitive neutrality.
… supervising a diverse range of institutions…
at 31 December 2008
taking institutions (ADIs)
Other ADIs, including SCCIs
APRA has become a national financial sector statistics agency
Our vision is of a prudentially well-managed, stable, efficient and competitive finance sector brought about through well-informed decision making.
Our mission is to provide essential information and analysis on Australia’s financial sector that is deservedly trusted and used by APRA, other regulators, policymakers, researchers, industry and the public.
… primarily supporting supervision
… and other key decision makers
Statistics improvement program
Our legislative framework gives us the authority
… and the responsibility
Direct to APRA (D2A) …
Data collections now contain
Consultation ensures useful data collections
Over $200m multi-agency programme to:
Primarily aimed at small/medium businesses through software vendors and intermediaries
Expected $800m per year saving to the economy
Potential benefits for institutions:
Help? Case studies?
Our IT infrastructure gives us the platform
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