cps
Findings from CPS 511 pre-implementation review
… Breadcrumb Home Search Content Letters Findings from CPS 511 pre-implementation review Wednesday 6 September 2023 … for remuneration, APRA developed Prudential Standard CPS 511 Remuneration ( CPS 511 ). At the time of finalising CPS 511, APRA committed …
Thematic review of CPS 190 Recovery and Exit Planning readiness in the superannuation industry
… Breadcrumb Home Search Content Letters Thematic review of CPS 190 Recovery and Exit Planning readiness in the … members’ best financial interests. Prudential Standard CPS 190 Recovery and Exit Planning (CPS 190) commences on 1 January 2025 for RSE licensees. This …
Recovery and exit planning
… APRA has finalised the requirements of Prudential Standard CPS 190 Recovery and Exit Planning (CPS 190). Draft CPS 190 had been subject to industry consultation since …
Consultation on draft guidance for financial contingency and resolution planning
… requirements under the proposed new prudential standards, CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900). As a resolution …
Substituted compliance for margin requirements for non-centrally cleared derivatives
… its plans to make a minor amendment to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226). APRA noted that it would add the UK’s Prudential … (FCA) to the list of foreign regulators in Attachment D of CPS 226, if APRA assessed that the UK regulators’ new …
A new centralised glossary for APRA’s prudential framework
… a new cross-industry standard, Prudential Standard CPS 001 Defined terms (CPS 001). CPS 001 centralises APRA’s five existing definitions …
Guidance on remuneration
… entities in implementing the new Prudential Standard CPS 511 Remuneration (CPS 511). The Prudential Practice Guide CPG 511 Remuneration … to assist entities in meeting their requirements under CPS 511. In particular, CPG 511 provides entities with …
Response to submissions – Centralised glossary for APRA’s prudential framework
… 27 November 2023, APRA released draft Prudential Standard CPS 001 Defined terms (CPS 001) for consultation. This letter shares industry … of the standard is now available. About the standard CPS 001 is a new cross-industry standard which consolidates …
Recovery and resolution planning
… and Exit Planning (CPG 190); 1 Prudential Standard CPS 900 Resolution Planning (CPS 900); and Prudential Practice Guide CPG 900 Resolution … APRA has enhanced its resolution planning and readiness. CPS 900 is an important part of this. It will require …
Retirement of GPG 250 and LPG 250
… in GPG 250 and LPG 250, are set out in Prudential Standard CPS 220 Risk Management (CPS 220). CPS 220 was last revised in July 2019, and applies to all …
Finalising loss-absorbing capacity requirements for domestic systemically important banks
… Alongside the release of the draft Prudential Standard CPS 900 Resolution Planning (CPS 900), APRA is finalising loss-absorbing capacity … for resolution will be assessed as part of planning under CPS 900 where relevant, although APRA anticipates that most …
Use of multi-factor authentication (MFA)
… in this area are set out in Prudential Standard CPS 234 Information Security (CPS 234). CPS 234 requires APRA-regulated entities to maintain their …
Consultation - draft guidance on remuneration
… the requirements proposed in the new prudential standard, CPS 511 Remuneration (CPS 511). The aim of the new standard and guidance is to … standard The second consultation on the proposed standard CPS 511 closed in February 2021 and APRA is currently …
Group regulation: roadmap for review
… (draft) Governance 3PS 310 Audit and Related Matters CPS 510 Governance – group requirements Risk management 3PS … Exposures 3PS 222 Intra-group Transactions and Exposures CPS 220 Risk Management – group requirements Resolution CPS 900 Resolution Planning (draft) Competition issues 3PS …
APRA and ASIC host Superannuation CEO Roundtables - March 2024
… Accountability Regime (FAR) and Prudential Standard CPS 230 Operational Risk Management (CPS 230), in addition to the current Prudential Standard CPS 234 Information Security (CPS 234), will strengthen …
Security and adequacy of backups
… all entities meet the requirements in Prudential Standard CPS 234 Information Security ( CPS 234 ) 1 . Regulated entities are also encouraged to … security control weakness notifiable under paragraph 36 of CPS 234. Given the fast-moving nature of cyber threats, APRA …
APRA finalises minor framework updates
… 110) GI, LI, PHI, ADI Immediate Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320) GI, LI, PHI 1 Jan 2024 The minor framework updates …
Prudential framework minor updates
… private health insurance, ADI Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320) General insurance, life insurance, private health … Refer to attached draft CPG 110 for proposed changes. CPS 320 Actuarial and Related Matters APRA proposes to …
Consultation on financial resources for risk events in superannuation: Operational risk financial requirement
… policy area with the development of Prudential Standard CPS 230 Operational Risk Management (CPS 230), APRA has taken time to carefully consider the path … APRA’s simpler approach is focused on integration with CPS 230 and better enabling use of the ORFR when needed. …
Consultation on zero and negative interest rates
… from zero and negative interest rates Prudential Standard CPS 220 Risk Management (CPS 220) requires an ADI to maintain a risk management … framework to manage material risks. As defined in CPS 220, material risks are those that could have a material …