There are lots of elephants in the room where the Australian Prudential Regulation Authority’s (APRA) Economic and Financial Statistics (EFS) compliance is concerned. They come in all sizes and have Australia’s Authorized Deposit-taking Institutions (ADIs) in a tizzy of preparation.
The 3 Elephants:
- Elephant One: More Reports, Data And Granularity
- Elephant Two: RPG 702 Data Quality Standards And Benchmarks
- Elephant Three: Adoption Of APRA’s Taxonomy
Download this article to learn more about these three big challenges facing ADIs as they prepare to comply with APRA’s new EFS reporting requirements.