cps
APRA strengthens transparency on remuneration and bank disclosures
… will support the cross-industry Prudential Standard CPS 511 Remuneration (CPS 511), which was introduced last year to strengthen … requirements will take effect after the implementation of CPS 511 in 2023 for large entities and 2024 for smaller …
Executive Director Policy and Advice Division Renée Roberts - Speech to Risk Management Institute of Australasia Annual Conference 2022
… consultation package introduced two new draft standards – CPS 190 Financial Contingency Planning and CPS 900 Resolution Planning – standards that are closely related yet critically different. CPS 190 represents the last bastion of APRA’s supervisory …
APRA publishes frequently asked question on the treatment of the Minimum Transfer Amount limit where the base currency is foreign-denominated
… entities in determining their requirements under CPS 226: Margining and Risk Mitigation for Non-centrally …
APRA releases revised remuneration standard for consultation
… are a number of revisions to draft Prudential Standard CPS 511 Remuneration (revised CPS 511). The key revisions for SFIs include: replacing the … Mr Lonsdale said. The consultation period for revised CPS 511 will close on 12 February 2021. It is scheduled to be …
APRA consults on margining and risk mitigation requirements for non-centrally cleared derivatives
… activity. Released today, APRA’s draft Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226), proposes to require APRA-regulated institutions … standard by 20 May 2016. A discussion paper and draft CPS 226 can be found on the APRA website. Background Q: What …
APRA releases snapshot of industry practice in risk culture
… much of this work has been APRA’s Prudential Standard CPS 220 Risk Management , which came into effect on 1 January 2015. Amongst other things, CPS 220 requires each Board of an authorised deposit-taking … requirements on risk management ( Prudential Standard CPS 220 Risk Management ) require Boards of ADIs and insurers …
APRA launches Westpac investigation and increases capital requirement add-ons to $1 billion
… of the prudential standards including Prudential Standard CPS 510: Governance, Prudential Standard CPS 520: Fit and Proper, and Prudential Standard CPS 220: Risk Management; and (e) there was a failure to …
APRA proposes stronger requirements on remuneration to enhance conduct, risk management and accountability
… customers and shareholders. Draft prudential standard CPS 511 Remuneration introduces heightened requirements on … financial positions,” Mr Lonsdale said. Mr Lonsdale said CPS 511 would complement the Banking Executive Accountability … of the discussion paper and the draft Prudential Standard CPS 511 Remuneration are available on the APRA website at: …
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs)
… which has been replaced by Prudential Standard CPS 001 Defined terms . The remade standard can be found at: …
APRA retires prudential practice guides on the risk management framework for life and general insurers
… 250 are addressed by requirements in Prudential Standard CPS 220 Risk Management, supported by Prudential Practice …
APRA to introduce first prudential standard aimed at tackling growing threat of cyber attacks
… in the event of a breach. The proposed new standard, CPS 234, would require regulated entities to: clearly define … towards the end of the year, with a view to implementing CPS 234 from 1 July next year. Copies of the consultation …
APRA Member Therese McCarthy Hockey - GRC2023
… to hit it, our new cross-industry prudential standard CPS 230 is designed to light a fire under our regulated … requires. A burning issue APRA only began consulting on CPS 230 last July, and yet the operational risk environment … that short time. (For those not familiar with APRA-speak, CPS stands for “cross-industry prudential standard”.) …
APRA agrees to court enforceable undertaking from Bank of Queensland
… 1 The breaches relate to paragraph 51 APS: 210 Liquidity, CPS: 231 Outsourcing and CPS: 232 Business Continuity Management. Media enquiries …
APRA Executive Director of General Insurance and Banking Jane Magill speech to Future of Insurance 2025
… also life and health insurance as well. They are the new CPS 230 prudential standard, which deals with operational … organisations. Transforming operational risk management: CPS 230 Secondly, APRA’s Prudential Standard CPS 230 Operational Risk Management will come into effect …
Optus data breach: update for APRA-regulated entities following Federal Government announcement
… to provide written attestation to APRA Prudential Standard CPS 234 Information Security, in the context of accessing …
APRA consults further on the role of the Appointed Actuary and actuarial advice to insurers
… standards with a streamlined, cross-industry standard (CPS 320) and an accompanying prudential practice guide. APRA …
Opening Statement to Senate Economics Legislation Committee - October 2023
… new capital framework, our new operational risk standard (CPS 230) and our standard on recovery and exit planning (CPS 190). Our efforts to modernise the prudential …
APRA finalises updated guidance on information security
… of APRA’s new cross-industry prudential standard, CPS 234 Information Security , which comes into force on 1 …
How super trustees can improve management of outsourcing arrangements
… APRA has also recently released draft Prudential Standard CPS 230 Operational Risk Management (CPS 230) for consultation, which proposes to enhance and … guidance. More specifically, APRA has recently released CPS 230 for consultation. The findings from the review have …