cps
Therese McCarthy Hockey remarks to FINSIA’s The Regulators event
… a far closer eye on industry implementation of the new CPS 230 Operational Risk Management. Which brings me to our …
APRA Chair John Lonsdale - Speech to Australian Banking Association Conference 2024
… new prudential standard on operational risk management, CPS 230. Although CPS 230 rationalised five prudential standards into one, …
Deputy Chair Helen Rowell - speech to the Australian Institute of Company Directors Breakfast
… seemingly few repercussions for poor outcomes. The draft CPS 511 Remuneration proposes far more prescriptive … raised by stakeholders about some aspects of draft CPS 511. We have been thinking hard about the options, …
COVID-19: A real-world test of operational resilience
… with entities advising APRA of their inability to meet CPS 232’s (Business Continuity Management) testing …
Member Therese McCarthy Hockey’s remarks to COBA CEO and Director Forum
… and complexity. With other prudential standards, such as CPS 230 Operational Resilience, we have intentionally …
Associations with Related Entities – frequently asked questions
… a senior manager under paragraph 25 of Prudential Standard CPS 520 Fit and Proper, pursuant to the definitions of that …
Views from APRA
… More recently of course, the cross industry standard CPS 220 was developed and will apply from 1 Jan 2015. It is … This has largely been addressed with the issue of CPS 220, the new risk management standard, and revised CPS 510 on governance. D-SIIs The FSB, after first dealing …
Member Therese McCarthy Hockey’s remarks to AFIA Risk Summit 2024
… controls in place to deal with AI-enabled threats? CPS 234 Information Security covers that. Is data protected … entity considered AI risks introduced by a third party? CPS 230 Operational Risk Management, which comes into effect …
APRA Deputy Chair Helen Rowell - Speech to the Governance and Risk Management Forum 2023
… as part of upcoming reviews of Prudential Standards CPS 510 Governance and CPS 220 Risk Management. Keep on moving APRA will always …
APRA Chair Wayne Byres - Speech to the Committee for the Economic Development of Australia
… on ours. Our first prudential standard related to cyber, CPS 234 Information Security , came into effect in July 2019, … will be asked to conduct independent assessments against CPS 234, providing an important baseline level of assurance …
APRA Deputy Chair Margaret Cole - Remarks to the Conexus Chair Forum
… capabilities of your funds. With the implementation of CPS 230 this year there should be a strong focus on your …
Interest Rate Risk in the Banking Book Reporting (IRRBB) – Response to Submissions
… Foreign ADIs have requirements under Prudential Standard CPS 220 Risk Management which identifies IRRBB as a …
APRA Executive Board Member Suzanne Smith - Speech to the Insurance Council of Australia Annual Conference
… APRA’s new prudential standard on operational resilience CPS 230, which was released in July. Entities are required to …
APRA Deputy Chair Margaret Cole - Speech to the AFR Super & Wealth Summit
… a prudential standard for all APRA-regulated entities – CPS 234 Information Security – back in 2020. You’d rightly …
Premium increases in life insurance
… are transparent and not unfair. Prudential Standard CPS 220 Risk Management requires that an APRA-regulated …
APRA General Manager, Regulatory Affairs and Licensing Melisande Waterford - Speech to the Future Banking Forum 2019
… as any other. Sleep with a copy of Prudential Standard CPS 234 Information Security on your bedside table! Fourth, …
Life Risk Insurance – a challenge to the life industry: managing for long term portfolio health
… are expected to flow from this. See Prudential Standard CPS 510 For example, claims management systems often do not … sets out requirements for a risk management framework in CPS 220. For individual business, changes to rates must apply …