cps
APRA Insight Issue Two 2019
… launching the consultation on Draft Prudential Standard CPS 511 Remuneration in July, APRA has conducted industry …
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 outlines new priorities in 2024-25 Corporate Plan
… through the implementation of new Prudential Standard CPS 230 Operational Risk ; raising industry standards on …
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 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 …
APRA Deputy Chair Helen Rowell - Speech to the Financial Services Assurance Forum
… cross-industry risk management prudential standard CPS 220. Released in January 2014 and coming into effect a … over a year to go until our new remuneration standard, CPS 511, takes effect, APRA expects banks, insurers and … supervisory focus on industry’s implementation of the new CPS 511 requirements. For a subset of entities, APRA will …
APRA Chair Wayne Byres - Speech to the 2021 AFR Banking Summit
… to the existing Prudential Standards for Outsourcing (CPS 231) and Business Continuity Management (CPS 232), and additional guidance for entities to encourage … our relatively new standard on Information Security (CPS 234). We are intensifying our focus on cyber resilience, …
Deputy Chair John Lonsdale - speech to Customer Owned Banking Association (COBA) 2020 Convention
… new prudential standard on information security standard CPS 234 came into effect nearly 18 months ago for all … of the third-party arrangements transition provision in CPS 234 Information Security. By working together, we can …
APRA Executive General Manager, Policy and Advice Division, Pat Brennan - Speech to the KangaNews Debt Capital Markets Summit
… APRA released the final version of Prudential Standard CPS 234 Information security , which provides a clear set of … standard and will consider changes to Prudential Standards CPS 220 Risk Management as our work of non-financial risk …
Soft Stuff
… risk management. A new multi-industry prudential standard, CPS 220, comes into force on 1 January. This draws together … business strategy. Under the new prudential standard, CPS 220, the board must ensure that “it forms a view of the …
Executive Director Policy and Advice Division Renée Roberts - speech to Australian Securitisation Conference 2022
… consolidate and simplify our structure. Our recent draft CPS 230 on operational risk management is a great example of … causing undue regulatory burden?” Our soon to be finalised CPS 190 on recovery and exit planning is, we believe, a great …
Opening Statement to Senate Economics Legislation Committee – February 2025
… risk management requirements under new standard CPS 230 will take effect from 1 July. Additionally, APRA will …
Opening statement for Senate Economics Legislation Committee - March 2021
… of compliance with our new Information Security standard (CPS 234), and have kicked off a data collection exercise on …
The weight of money: A business case for climate risk resilience
… related to climate risk, and will continue to rely on CPS-220 for setting out general risk management expectations. …