cps
APRA releases snapshot of industry practice in risk culture
… much of this work has been APRA’s Prudential Standard CPS 220 Risk Management , which came into effect on 1 January 2015. Amongst other things, CPS 220 requires each Board of an authorised deposit-taking … requirements on risk management ( Prudential Standard CPS 220 Risk Management ) require Boards of ADIs and insurers …
APRA launches Westpac investigation and increases capital requirement add-ons to $1 billion
… of the prudential standards including Prudential Standard CPS 510: Governance, Prudential Standard CPS 520: Fit and Proper, and Prudential Standard CPS 220: Risk Management; and (e) there was a failure to …
APRA and ASIC host Superannuation CEO Roundtable
… Regulation Authority APRA’s Prudential Standard CPS 230 Operational Risk Management is designed to strengthen … commences on 1 July 2025. APRA’s Prudential Standard CPS 234 Information Security (CPS 234) aims to ensure that APRA regulated entities take …
APRA proposes stronger requirements on remuneration to enhance conduct, risk management and accountability
… customers and shareholders. Draft prudential standard CPS 511 Remuneration introduces heightened requirements on … financial positions,” Mr Lonsdale said. Mr Lonsdale said CPS 511 would complement the Banking Executive Accountability … of the discussion paper and the draft Prudential Standard CPS 511 Remuneration are available on the APRA website at: …
Interim Policy and Supervision Priorities update
… the standards expected of them under Prudential Standard CPS 234 Information Security (CPS 234). All remaining CPS 234 tripartite assessments should be submitted to APRA in …
Review of data collections roadmap
… a response paper on disclosure and relevant updates to CPS 511. APRA’s response to submissions for CRS 511.0 … supervision of APRA’s policy priorities including and CPS 230 Operational Risk Management, CPS 234 Information Security, CPS 510 Governance, CPS 520 Fit …
APRA Member Therese McCarthy Hockey - GRC2023
… to hit it, our new cross-industry prudential standard CPS 230 is designed to light a fire under our regulated … requires. A burning issue APRA only began consulting on CPS 230 last July, and yet the operational risk environment … that short time. (For those not familiar with APRA-speak, CPS stands for “cross-industry prudential standard”.) …
APRA to introduce first prudential standard aimed at tackling growing threat of cyber attacks
… in the event of a breach. The proposed new standard, CPS 234, would require regulated entities to: clearly define … towards the end of the year, with a view to implementing CPS 234 from 1 July next year. Copies of the consultation …
Margining and risk mitigation for non-centrally cleared derivatives - frequently asked questions
… assist regulated entities to interpret Prudential Standard CPS 226 Margining and Risk Mitigation for Non-centrally … the Minimum Transfer Amount (MTA) limit of 750,000 AUD (CPS 226 Paragraph 30) only apply at inception of the Credit …
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs)
… which has been replaced by Prudential Standard CPS 001 Defined terms . The remade standard can be found at: …
APRA retires prudential practice guides on the risk management framework for life and general insurers
… 250 are addressed by requirements in Prudential Standard CPS 220 Risk Management, supported by Prudential Practice …
APRA agrees to court enforceable undertaking from Bank of Queensland
… 1 The breaches relate to paragraph 51 APS: 210 Liquidity, CPS: 231 Outsourcing and CPS: 232 Business Continuity Management. Media enquiries …
Finalisation of Interest Rate Risk in the Banking Book requirements
… IRRBB, as required by the existing Prudential Standard CPS 220 Risk Management (CPS 220). Alongside the proposed revisions to the … revised APS 117 states that IRRBB is a material risk under CPS 220. As part of its risk management framework, APRA …
Minor updates to the prudential framework
… Prudential standards Attachment B Proposed revisions to CPS 001 – Clean PDF 420.36 KB Published 25 August 2025 Attachment B Proposed revisions to CPS 001 – Marked-up PDF 489.48 KB Published 25 August 2025 … 636.24 KB Published 16 November 2023 Prudential Standard CPS 320 Actuarial and Related Matters - marked up PDF 260.47 …
Finalising minor prudential framework updates for ADIs, insurers and registrable superannuation entity licensees
… Health Insurance Finalised: effective 1 January 2025 CPS 511 Remuneration All industries Deferred: APRA will …
Proportionality and significant financial institutions
… PDF 209.1 KB Published 20 July 2022 Prudential Standard CPS 511 Remuneration PDF 307.6 KB Published 20 July 2022 … 220.98 KB Published 4 April 2022 Draft Prudential Standard CPS 511 Remuneration PDF 369.77 KB Published 4 April 2022 …
APRA Executive Director of General Insurance and Banking Jane Magill speech to Future of Insurance 2025
… also life and health insurance as well. They are the new CPS 230 prudential standard, which deals with operational … organisations. Transforming operational risk management: CPS 230 Secondly, APRA’s Prudential Standard CPS 230 Operational Risk Management will come into effect …
APRA's response to Royal Commission recommendations
… will release proposed revisions to Prudential Standard CPS 510 by mid-2019 which will address this recommendation. … a draft prudential standard, Prudential Standard CPS 511 Remuneration, in July 2019. APRA intends releasing … will release proposed revisions to Prudential Standard CPS 510 by mid-2019 which will address this recommendation. …
Opening Statement to Senate Economics Legislation Committee - October 2023
… new capital framework, our new operational risk standard (CPS 230) and our standard on recovery and exit planning (CPS 190). Our efforts to modernise the prudential …