cps
APRA imposes additional licence conditions on NGS Super
… deficiencies in NGS’ compliance with Prudential Standard CPS 234 – Information Security ( CPS 234 ), while the cyber incident involved a significant … and conduct an operational effectiveness review of the CPS 234 controls and frameworks in place for NGS. On …
Supervision of conglomerate groups (Level 3)
… 2017 PDF 576.15 KB Cross-industry Prudential Standard CPS 220 Risk Management July 2017 PDF 602.86 KB Prudential Standard CPS 231 Outsourcing July 2017 PDF 560.03 KB Prudential Standard CPS 232 Business Continuity Management July 2017 PDF 539.67 …
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 …
Governance, fit and proper, and audit prudential standards for the private health insurance industry
… standards (effective from 1 July 2019) Prudential standard CPS 510 Governance PDF 273.82 KB Prudential standard CPS 520 Fit and proper PDF 192.2 KB Prudential standard HPS … 941.92 KB Draft prudential standards Prudential Standard CPS 510 Governance (updates to include PHI) February 2018 - …
APRA releases consultation on harmonised and enhanced risk management requirements
… The proposed cross-industry Prudential Standard CPS 220 Risk Management (CPS 220) consolidates existing risk management standards for … to the existing requirements in Prudential Standard CPS 510 Governance . In particular, it is proposing that …
APRA consults on guidance in support of prudential standard on remuneration
… superannuation licensees comply with prudential standard CPS 511 Remuneration , which will be finalised later this year. CPS 511 will materially strengthen remuneration requirements, … poor risk outcomes. APRA Deputy Chair John Lonsdale said CPS 511 and CPG 511 will address shortcomings in remuneration …
APRA moves to strengthen crisis preparedness in banking, insurance and superannuation
… reducing the negative consequences resulting from failure. CPS 190 Financial Contingency Planning (CPS 190) would ensure all APRA-regulated entities have plans … in line with their size, complexity and business models. CPS 900 Resolution Planning (CPS 900) would require large or …
APRA Explains cyber security
… took effect. Under Cross-industry Prudential Standard (CPS) 234 Information Security , banks, insurers and super … is insufficient for entities of any size. Under CPS 234, APRA-regulated entities must also: clearly define … security incidents. Like all APRA prudential standards, CPS 234 is principles-based, rather than prescribing specific …
APRA finalises its cross-industry amendments to margin requirements
… cleared derivatives. The changes to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226) will apply to all authorised deposit-taking … substituted compliance with APRA’s margin requirements in CPS 226, provided that the PRA and FCA’s margin requirements …
Information Security
… Breadcrumb Home Search Content 234 Information Security CPS 234 CPG 234 Prudential Standards (1) Status: In force In effect from 1 July 2019 External CPS 234 Information Security This Prudential Standard aims to …
APRA rescinds information paper on cloud outsourcing and ceases ad hoc credit reporting collection
… Cloud Computing Services” in light of Prudential Standard CPS 230 Operational Risk Management (CPS 230) . CPS 230 comes into effect 1 July 2025 (replacing existing …
APRA releases new prudential standards to strengthen the role of the Appointed Actuary within insurers
… of two new prudential standards: Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320) and Prudential Standard GPS 340 Insurance and … The creation of a new cross-industry prudential standard (CPS 320) harmonises the requirements and expectations for …
APRA finalises new measures to enhance governance in the private health insurance industry
… new prudential standards for PHI are: Prudential Standard CPS 510 Governance (CPS 510), a stronger cross-industry standard on board … standard, HPS 510 Governance ; Prudential Standard CPS 520 Fit and Proper (CPS 520), which requires boards to …
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 …
Fit and Proper
… 2019 Download HPG 520 Fit and Proper Prudential Standard CPS 520 Fit and Proper (CPS 520) sets out APRA’s requirements in relation to …
Improving cyber resilience: the role boards have to play
… assessment of a pilot set of entities’ compliance with CPS 234 , APRA’s Information Security Prudential Standard. … issues. APRA’s technology resilience data collection and CPS 234 independent assessment APRA’s pilot technology … with the financial industry. APRA’s pilot independent CPS 234 tripartite assessment ( CPS 234 assessment ) involved …
Introducing a risk management standard for the private health insurance industry
… 535.26 KB Final prudential standards Prudential Standard CPS 220 Risk Management April 2018 PDF 515.29 KB Prudential … 602.67 KB Draft prudential standards Prudential Standard CPS 220 Risk Management (updates to include PHIs) PDF 422.99 … Standard HPS 001 Definitions (updates to include CPS 220) December 2016 PDF 242.74 KB Draft prudential …
Governance
… Breadcrumb Home Search Content 510 Governance CPS 510 Prudential Standards (1) Status: In force 1 January 2024 External CPS 510 Governance This Prudential Standard sets out minimum …
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 …
APRA adds to list of foreign regulators whose margin requirements are eligible for substituted compliance
… (APRA) has made a minor amendment to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226), by adding the UK’s Prudential Regulation Authority …