Financial Sector (Collection of Data) (reporting standard) determination No. 49 of 2023
Application to an IRB or an applicant IRApplication to an IRB or an applicant IRB ADI
Start here
Get a plain-English read of Application to an IRB or an applicant IR
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 49 of 2023.
Application to an IRB or an applicant IRB ADI
An ADI that has received IRB approval under APS 113 and has approval for partial use of the standardised approach under APS 112 is expected to report under this reporting form in respect of operations that remain under standardised approach.
An ADI that is operating under the APS 112 standardised approach to credit risk, but has applied to adopt IRB approach is expected to continue to meet the requirements of this standard for all exposures. In addition, the ADI is expected to meet the requirements in ARS 113 for those exposures they are seeking approval to use the IRB approach under APS 113 and separately report under this form in respect of operations that will remain under standardised approach (i.e. partial use).