The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper and proposed amendments to relevant prudential reporting standards and forms in relation to proposals to enhance the Basel II Framework in Australia.

Subject to consultation, APRA intends to issue final reporting standards and reporting forms in mid 2010. These will accompany the release of the associated final prudential standards and PPGs and are expected to be implemented from 1 January 2011. The first submission of quarterly data required from ADIs will relate to the reporting period ending 31 March 2011.

The International Monetary Fund s (IMF) report on their Basel II Implementation Assessment for Australia has been published.