Reform of APRA’s economic and financial statistics: added value from technical and new data requirements

Where there is reform, there is an opportunity

Banks are well advised to prepare to meet the new data requirements resulting from the Australian Regulatory Authority (APRA) updates to their Economic and Financial Statistics Reporting System (EFS), which will come into effect in early 2019.

While compliance with the new regime should be the primary goal of banks, EFS change programs can do more than just tick the boxes on the compliance checklist. Indeed preparing for EFS …

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