cps
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 …
Harmonising cross-industry risk management requirements
… risk management requirements October 2014 Letter Letter: CPS 220 Risk management / CPG 220 Risk Management October … KB Draft prudential standard Draft Prudential Standard CPS 220 Risk Management October 2014 PDF 283.92 KB … PDF 381.81 KB Prudential standards Prudential Standard CPS 220 Risk Management January 2014 PDF 183.69 KB Prudential …
Group regulation: roadmap for review
… (draft) Governance 3PS 310 Audit and Related Matters CPS 510 Governance – group requirements Risk management 3PS … Exposures 3PS 222 Intra-group Transactions and Exposures CPS 220 Risk Management – group requirements Resolution CPS 900 Resolution Planning (draft) Competition issues 3PS …
APRA consults on new cross-industry standard to centralise existing standards on definitions for ADIs and insurers
… health insurers. The proposed new prudential standard CPS 001 Defined terms (CPS 001) follows APRA’s strategic initiative to Modernise the …
Supervision and policy priorities timelines
… effective Recovery and resolution planning CPG 190, CPS 900, CPG 900 Finalise 2024 Operational risk management priorities CPS 230, CPG 230 Finalise Consult Finalise 2024 Remuneration disclosures CPS 511 Finalise 2024 Governance CPS 510 Consult …
APRA finalises prudential standard aimed at combatting threat of cyber attacks
… security management. The new Prudential Standard CPS 234 Information Security will shore up APRA-regulated … respond swiftly and effectively in the event of a breach. CPS 234 requires APRA-regulated entities to: clearly define … Industry was supportive of the intent and direction of CPS 234, however, APRA agreed to make several amendments …
APRA and ASIC host Superannuation CEO Roundtables - March 2024
… Accountability Regime (FAR) and Prudential Standard CPS 230 Operational Risk Management (CPS 230), in addition to the current Prudential Standard CPS 234 Information Security (CPS 234), will strengthen …
Margining and Risk Mitigation for Non-centrally Cleared Derivatives
… and should be read in conjunction with Prudential Standard CPS 226 Margining and risk mitigation for non-centrally …
APRA consults on updated guidance for managing information security risks
… prudential standard on information security, CPS 234 , which comes into effect from 1 July this year. It … of the threat, APRA fast-tracked the implementation of CPS 234. This updated guide will assist industry to implement … before releasing the final version of CPG 234 prior to CPS 234 coming into force on 1 July. The consultation package …
APRA finalises requirements for remuneration disclosure
… remuneration. Under the updates to Prudential Standard CPS 511 Remuneration, APRA-regulated entities will need to … publish the findings from an implementation review of CPS 511 to assist industry with implementing the new requirements. A response paper to the CPS 511 consultation and the updated prudential standard are …
Substituted compliance for margin requirements for non-centrally cleared derivatives
… PDF 319.25 KB Prudential standard Prudential Standard CPS 226 Margining and risk mitigation for non-centrally … KB Draft prudential standard Draft Prudential Standard CPS 226 Margining and risk mitigation for non-centrally …
Outsourcing
… Breadcrumb Home Search Content 231 Outsourcing CPS 231 CPG 231 Prudential Standards (1) Status: In force In effect from 1 July 2017 External CPS 231 Outsourcing This Prudential Standard requires that …
APRA amends operational risk financial requirements for superannuation trustees
… a clear and direct relationship with Prudential Standard CPS 230 Operational Risk Management (CPS 230); and amend the APRA notification requirements to …
Security and adequacy of backups
… all entities meet the requirements in Prudential Standard CPS 234 Information Security ( CPS 234 ) 1 . Regulated entities are also encouraged to … security control weakness notifiable under paragraph 36 of CPS 234. Given the fast-moving nature of cyber threats, APRA …
APRA announces new commencement dates for prudential and reporting standards
… commencement date Revised commencement date Cross-industry CPS 226 Margining and Risk Mitigation for Non-Centrally … 1 September 2020, 2021 1 September 2021, 2022 CPS 234 Information Security (third-party arrangements … for non-centrally cleared derivatives as set out in CPS 226 by 12 months, consistent with the joint decision by …
APRA finalises minor framework updates
… 110) GI, LI, PHI, ADI Immediate Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320) GI, LI, PHI 1 Jan 2024 The minor framework updates …
APRA moves to strengthen governance among private health insurers
… with the more forceful cross-industry equivalent standard, CPS 510, to strengthen governance practices; extend cross-industry prudential standard CPS 520 Fit and Proper to the industry to ensure the … has resulted in the adoption from 1 April this year of CPS 220, APRA’s cross-industry risk management prudential …
The private health insurance policy roadmap: Where are we now?
… health insurers : Cross industry Prudential Standard CPS 510 Governance (CPS 510), which replaces the private health insurance-specific standard, HPS 510 Governance. CPS 510 aims to foster boards equipped to anticipate, …
Credit Risk Management
… standards and PPGs, including: Prudential Standard CPS 220 Risk Management (CPS 220); Prudential Practice Guide CPG 220 Risk Management …
APRA Member Geoff Summerhayes - Speech to CyBSA 2019 Cyber Breach Simulation Australia
… of APRA’s information security prudential standard, CPS 234 Information Security, is for regulated entities to … regulated entities are facing. In the four months since CPS 234 came into force, APRA has received 36 incident … and traditional support arrangements, all captured by CPS 234. You cannot secure what you don’t understand and you …