The dashboard approach to quarterly disclosure

Release date
14/11/2017

Status: The Reserve Bank has confirmed the previously signalled policy decision on the Dashboard approach for quarterly disclosures for locally incorporated banks. Work to implement the Dashboard has commenced and we aim to publish the first Dashboard in late May 2018 with data from Q1 2018.

Consultation period: 2016-2018

14 November 2017

Alongside the implementation work on the Dashboard, the Reserve Bank needs to make changes to the existing registered bank disclosure requirements, to take effect at the same time as the Dashboard. These changes include the removal of the requirement for off-quarter disclosure statements. The Reserve Bank is therefore consulting on changes to the disclosure Orders in Council, which would be made by Amending Orders to take effect from 31 March 2018. The proposed changes also include a number of other improvements confirmed during the Regulatory Stocktake. The deadline for comments is 12 January 2018.

21 September 2017

The Dashboard approach for quarterly disclosures was formally consulted on at the end of 2016. It aims to enhance market discipline by making quarterly disclosures available in a timelier manner and in a format that is more accessible to facilitate comparisons across banks. Industry workshops were held in May and August 2017 to further discuss key design issues raised by banks during the formal consultation. The Reserve Bank previously indicated its preference to introduce a Dashboard in its summary of the submission feedback and has confirmed this decision today. The paper published today outlines the finalised Dashboard approach to quarterly disclosures for locally incorporated banks and takes on board issues raised by stakeholders by making refinements around the timing of publication, measures to ensure data quality and the metrics that will be included in the Dashboard.

7 February 2017

In late 2016 the Reserve Bank ran a public consultation on the Dashboard approach to quarterly disclosure by locally incorporated banks, which aims to enhance market discipline by making these quarterly disclosures available in a timelier manner and in a format that is more accessible and facilitates comparisons across banks. The summary of submissions document, released today, summarises the consultation feedback, provides Reserve Bank responses to some key issues raised by submitters and outlines next steps for the Dashboard initiative.

Submissions for publication

The Reserve Bank is publishing the individual submissions received as part of the Dashboard consultation where consent to do so has been provided by submitters.

23 September 2016

In September 2016 the Bank published a consultation document on the proposed Dashboard approach to quarterly disclosure by locally incorporated banks. The consultation closed on 15 December 2016. The Dashboard is an outgrowth of the Regulatory Stocktake, and would involve publication on the Reserve Bank’s website of key information on locally incorporated banks. By presenting this information in one place and in a standardised format, the Dashboard aims to enhance market discipline by making this information more accessible and facilitating comparisons across banks. The consultation document also seeks feedback on various other related matters.

Consultation document: The Dashboard approach to quarterly disclosure (PDF 1MB)