Roundtable - 720.1A & ARS 220 Collaboration Session

In this industry round table, we seek to align industry peers together through discussion of key areas being affected by the Form update 702.1A and share approaches on ARS 220 interim and strategic. Chatham House Rules will apply.

RSVP to confirm your virtual seat.

What’s on?

720.1A updates

With the implication of this 720.1A change, credit risk definitions will need to align in the EFS collection. Parties impacted will already be navigating APRA’s BASEL III finalisation and those in finance acutely aware of how EFS and RPG702 have data implications, now also impacting the quality requirements of Credit Risk data points. There is also timing of regulatory changes happening around the time the change to ARF720.1A will take place. Overall quite some impact and a number of parties within the organisation to mobilise for this change due in March 2022.

ARS 220

APRA is working through the pilot collection with a number of organisations. The interim ARS 220 reporting start in March 2022, but unclarity remains in industry on the timing and requirements for the incremental data collections. We will discuss common approaches taken with regards to both the strategic and interim ARS 220 collections.

If you have any queries or topics you would like to raise specifically, please feel free to submit these over email ahead of the session, by responding to this email.

Outcomes could include:

• Aligning approach to other ADI’s
• Understanding other aspects or synergies within your business to deliver the program
• Gaining insight to your program for regulatory change to find and use budget in the most effective way
• Discuss individual outcomes which can be disseminated to APRA in a uniform and clear way
• Allow a few parties in your team to attend to find an appreciation together as a team

Why Attend?

Attend if you are:

• Involved or interested in the data management and governance relating to Credit Risk, Finance, and Regulatory Reporting
• Holding accountability or responsibility over EFS submissions or credit risk data and calculations or reporting to APRA
• Subject to the ARS220 and other reporting uplifts either mandated by APRA or external audit
• The reviewer, preparer or internal auditors of the process which captures and calculates the data elements in Credit Risk decision making
• Charged with the budgeting for process design and regulatory change programs

The session will not be recorded. “When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.”