Australia

Details

  • Service: Topics, Financial Services Regulation
  • Industry: Financial Services, Banking
  • Type: Regulatory update
  • Date: 13/06/2013

Australian Mutuals – Key developments and updates

This series of KPMG publications cover proposed or new prudential reporting changes affecting the Australian Mutuals sector.

Mutuals: Proposed new capital and remuneration disclosures under APS 330 

The Australian Prudential Regulation Authority (APRA) released in April its consultation paper Basel III disclosure requirements: Composition of capital and remuneration and draft revised standard APS 330 Public Disclosure regarding the revised Pillar 3 disclosures for all locally incorporated Authorised Deposit-taking Institutions (ADIs).

This summary document outlines the changes on the composition of capital (revised disclosures) and new remuneration disclosures required for 30 June 2013.

 

Key insights

  • Proposed new capital and remuneration disclosures effective for 30 June 2013 prudential reporting period.
  • Immediate impacts with new disclosures regarding capital features/terms required for 30 June 2013.
  • Limited time to establish processes over collection of new information.
 

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