cps
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 …
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 …
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 …
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 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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
APRA releases final prudential standard and prudential practice guide on risk management
… today includes final versions of Prudential Standard CPS 220 Risk Management (CPS 220) and Prudential Practice Guide CPG 220 Risk … The response to submissions and the final versions of CPS 220 and CPG 220 are available on APRA’s website. The …
APRA releases consultation package on risk management for private health insurers
… to apply APRA’s cross-industry Prudential Standard CPS 220 Risk Management (CPS 220), and associated guidance, to private health … requirements for private health insurers be aligned with CPS 220 as APRA considers the fundamental principles of risk …
Pandemic Planning
… this guide supports compliance with Prudential Standards CPS 232 Business Continuity Management (CPS 232) and SPS 232 Business Continuity Management (SPS …
APRA releases material service provider register template
… the requirement of paragraph 51 of Prudential Standard CPS 230 Operational Risk Management (CPS 230). A completed material service provider register is …
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 …