cps
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 …
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 …
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 …
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 …
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 …
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 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 …
Remuneration requirements for all APRA-regulated entities
… findings of the pre-implementation of Prudential Standard CPS 511 Remuneration. The letter to industry is available on the APRA website below: Letter Findings from CPS 511 pre-implementation review August 2023 On 1 August … a response to submissions and the final standard for CPS 511 Remuneration. The response paper, final standard …
Pandemic Planning
… this guide supports compliance with Prudential Standards CPS 232 Business Continuity Management (CPS 232) and SPS 232 Business Continuity Management (SPS …