cps
APRA Deputy Chairman, John Lonsdale - Speech to the 2019 Actuaries Summit
… In a matter of weeks, APRA’s new cross-industry standard, CPS 320 Actuarial and Related Matters, comes into effect . … standard. The outcome was the new prudential standard CPS 320, which takes effect from 1 July. One of the most … act as a trusted advisor to the board. Other provisions in CPS 320 are aimed at giving Appointed Actuaries the …
APRA Member Margaret Cole - Speech to the Financial Services Council Policy Briefing
… and labour shortages. The proposed Prudential Standard CPS 230 Operational Risk Management (CPS 230) will replace five existing standards including the … important issue for this industry. Chapter four of the CPS 230 discussion paper is particularly significant as it …
Quality data as an asset for boards, management, and business
… Data Risk, and data featuring as a key risk type in CPS 234 Information Security and more recently in CPS 230 Operational Resilience. To date, APRA’s supervisory … to continue its focus on data risk management through CPS 230. Data risk is a key consideration under operational …
How to manage compliance risk and stay out of the headlines
… management framework to manage risk. Prudential Standard CPS 220 Risk Management sets out APRA’s requirements in … management framework of an APRA-regulated institution. CPS 220 specifically requires that entities have an … and gives a voice to compliance management, supporting CPS 220’s requirement for an independent compliance function. …
Opening Statement to Senate Economics Legislation Committee - November 2024
… cohort to improve their cyber defences (in accordance with CPS 234 Information Security ) and operational resilience. The new CPS 230 Operational Risk Management standard comes into …
APRA Executive Board Member Suzanne Smith - Members Health Directors' Professional Development Program
… not meeting Information Security Prudential Standard CPS 234, based on the results of independent reviews and … capabilities through implementation of Prudential Standard CPS 230 Operational Risk Management (CPS 230). In summary, we want to see you remaining vigilant …
APRA releases survey results assessing management of risks associated with climate change in the financial sector
… including consulting on amending Prudential Standards CPS 220 and SPS 220 Risk Management to include climate risk …
APRA Insight Issue Two 2019
… launching the consultation on Draft Prudential Standard CPS 511 Remuneration in July, APRA has conducted industry …
APRA publishes 2025-26 Corporate Plan
… new prudential standard on operational risk management, CPS 230; updating APRA’s prudential standards for governance; …
Therese McCarthy Hockey remarks to COBA CEO and Directors Forum
… from. Last year, we introduced the new prudential standard CPS 190 Recovery and Exit Planning. This placed obligations … sure they had plans in place for a crisis scenario. With CPS 190 now in effect for all entities, we conducted a …
Computer terminal velocity: APRA's response to an accelerating risk
… security. The new cross-industry prudential standard CPS 234 builds on the guidance APRA released in 2010 and … seriously APRA views the issue of cyber security. Proposed CPS 234 complements the requirements laid out in CPS 220, APRA’s cross-industry prudential standard on risk …
APRA Chair John Lonsdale - Speech to FINSIA The Regulators 2023
… Three years ago, APRA’s information security standard CPS 234 came into force, and yet many entities are still … to be compliant with the requirements of the new standard, CPS 230. It will help entities to understand and manage the …
APRA outlines new priorities in 2024-25 Corporate Plan
… through the implementation of new Prudential Standard CPS 230 Operational Risk ; raising industry standards on …
APRA Executive Director Carmen Beverley-Smith's remarks to the ASFA Conference 2025
… The launch of APRA’s operational risk management standard CPS 230 in July, and the implementation of the Financial … obligations under APRA’s Information Security standard CPS 234 on an ongoing basis. I also acknowledge that, given … not be sufficient today. It is important to remember that CPS 234 articulates compliance obligations or minimum …
APRA Executive Director Carmen Beverley-Smith's remarks to the ASFA Conference 2024
… new cross-industry operational risk prudential standard CPS 230 comes into force on the first of July next year. … under-developed in super in the past, so getting ready for CPS 230 has been a significant undertaking for many in this …
Deputy Chair John Lonsdale - speech to Customer Owned Banking Association (COBA) 2021 CEO & Directors Forum
… introduction of the new standard on information security, CPS 234, APRA intends to update Prudential Standard CPS 232 Business Continuity to drive change in industry … for compliance with our information security standard, CPS 234, suggest there is much work to do in uplifting …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2023
… risk management in the next month or so . This standard, CPS 230, is designed to strengthen the management of …
APRA Chair John Lonsdale’s speech to AFR Banking Summit
… industries to operate. APRA released prudential standard CPS 230 Operational Risk Management last July to ensure … operations are best able to understand the purpose of CPS 230. The new standard is about understanding and … the capability needed to deliver the regulatory change for CPS 230 and sustain it are also thinking about oversight of …
Risk Management and Governance – A Prudential Regulator Perspective
… standards – in these ones in particular: Risk Management (CPS 220) Governance (CPS 510) Fit and Proper (CPS 520) I will now touch on some key aspects covered by …
Health insurer, heal thyself: APRA’s prescription for financial sustainability
… primarily through the introduction from April this year of CPS 2206, our cross-industry risk management prudential standard. CPS 220 sets out minimum expectations for how private health … with the more forceful cross-industry prudential standard CPS 510 to drive improved industry practices. Cross-industry …