The Australian Prudential Regulation Authority (APRA) today released a response paper and a final Prudential Standard APS 330 Public Disclosure (APS 330) relating to Pillar 3 disclosures on the composition of capital and on remuneration by authorised deposit-taking institutions (ADIs) in Australia. These disclosure requirements form part of APRA’s implementation of Basel III, intended to improve market discipline and the transparency of regulatory capital and remuneration.

Key requirements of APS 330 as applicable to ADIs include the disclosure of regulatory capital composition in a standard form, of reconciliation between the composition of regulatory capital and audited financial statements, of full terms, conditions, and features of regulatory capital instruments in a standard form, and quantitative and qualitative information relating to risks and remuneration approach.