Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2008 - ARS 114.0 Standardised Approach - Operational Risk
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Application
- This reporting standard applies to an authorised deposit-taking institution (ADI) that satisfies both of the following requirements:
(a) it is applying the standardised approach to operational risk to all or part of its business activities for capital adequacy purposes (refer to APS 114 or Prudential Standard APS 115 Advanced Measurement Approaches to Operational Risk, as appropriate); and
(b) it is included in one of the classes of ADI to which this reporting standard applies, as set out in the table below.
| Class of ADI | Applicable |
|---|---|
| Bank – Advanced or Applicant Advanced | Yes |
| Bank – Standardised | Yes |
| Branch of a Foreign Bank | No |
| Building Society | Yes |
| Credit Union | Yes |
| Specialist Credit Card Institution (SCCI)[1] | Yes |
| Provider of Purchased Payment Facilities | No |
| Other ADI | Yes |
This reporting standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 4).