cps
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 …
Privacy
… recordings shared with transcription provider 05/03/2025 CPS 230 Collection as part of Operational Risk Standard CPS 230 07/05/2025 Superannuation Data Transformation …
APRA’s evolving approach to supervising risk culture
… financial institutions. The result was Prudential Standard CPS 220 Risk Management , which came into force in January … works on three strategic levels: Firstly, by strengthening CPS 220 to ensure it remains fit for purpose, APRA will set … https://www.bis.org/review/r160519d.pdf 2 As set out in CPS 220, APRA expects boards to establish and maintain the …
APRA finalises updated guidance on information security
… of APRA’s new cross-industry prudential standard, CPS 234 Information Security , which comes into force on 1 …
How super trustees can improve management of outsourcing arrangements
… APRA has also recently released draft Prudential Standard CPS 230 Operational Risk Management (CPS 230) for consultation, which proposes to enhance and … guidance. More specifically, APRA has recently released CPS 230 for consultation. The findings from the review have …
APRA’s interim response to Medibank cyber breach
… not meeting the Information Security Prudential Standard CPS 234 as a result of the extensive independent review …
Opening Statement to Senate Economics Legislation Committee - June 2024
… a review of all regulated entities’ compliance with the CPS 234 Information Security standard. Although remediation … for Australians. APRA has now finalised formal guidance on CPS 230 Operational Risk Management , which will be published …
Operational preparedness for zero and negative interest rates
… markets falling to, or below, zero. Prudential Standard CPS 220 Risk Management (CPS 220) requires an ADI to maintain a risk management …
APRA Executive Board Member Suzanne Smith – Speech to the Members Health Directors’ Professional Development Program
… you well until now may need reshaping and refreshing. CPS 220 came into effect for private health insurers in 2019, … So, there is more work to do. I want to stress that CPS 220 is the foundation for CPS 230, the new operational risk management standard, which …
Review of the private health insurance prudential framework: Building resilient insurers
… a cross-industry prudential standard on risk management - CPS 220 - and addresses a key gap in the prudential framework … to apply the cross-industry risk management standard CPS 220 to all private health insurers. APRA invited feedback … industry prudential standards on governance matters - CPS 510 Governance and CPS 520 Fit and Proper – that reflect …
Executive Board Member Geoff Summerhayes - speech to Financial Services Assurance Forum
… to meet the 1 January 2021 deadline to comply with CPS 234 third-party arrangements transition provisions. These … that many entities are failing to adequately comply with CPS 234, this is one area where APRA can no longer hold off … incident response processes. It’s close to 18 months since CPS 234 came into effect, and we are still seeing too many …
APRA's licensing process - frequently asked questions
… industries 4.1 Can APRA provide further guidance beyond CPS and GPG 220 Risk Management 1 as to what should be … The questions and answers are designed to clarify CPS 220 Risk Management but do not form part of the law or … a conflict between the guidance contained in this FAQ and CPS 220 Risk Management, then the requirements of CPS 220 …
Prudential framework minor updates
… Adequacy: Measurement of Capital Private Health Insurance CPS 511 Remuneration Authorised Deposit-Taking Institutions; …
APRA shares international report on diversity, equity and inclusion practices in the insurance sector
… as part of this year’s review of Prudential Standard CPS 510 Governance. The IAIS Stocktake on diversity, equity …
Senate Order No 12 - 1 July 2023 to 31 December 2023
… F0000904262 LI CRO Roundtable November 2023 F0000907932 CPS 234 tripartite F0000907874 Actuaries Institute material …
APRA Chair Wayne Byres - Speech to the Australian Banking Association National Economic Series
… framework will be strengthened. We plan to update CPS 510 Governance and CPS 520 Fit and Proper to take account of recent experience and international developments. CPS 510, in particular, will be redesigned with a view to …
APRA Deputy Chair John Lonsdale - Speech to the COBA CEO and Director Forum
… Our cross-industry prudential standard on governance (CPS 510) requires authorised deposit-taking institutions … decisions, and less likely to challenge decisions. Under CPS 510, boards of APRA-regulated institutions are required … external consultants. This is specifically permitted under CPS 510. Yet, we often see boards relying on management to …
ADI capital reforms: Consequential amendments
… Standard APS 221 Large Exposures Prudential Standard CPS 226 Margining and risk mitigation for non-centrally … mortgages’ to ‘residential property’ Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226) Reference changes Prudential Standard APS 310 Audit …
Minor updates to the prudential framework
… 636.24 KB Published 16 November 2023 Prudential Standard CPS 320 Actuarial and Related Matters - marked up PDF 260.47 … updates Prudential standard Draft Prudential Standard CPS 320 Actuarial and Related Matters - clean PDF 334.48 KB Published 19 June 2023 Draft Prudential Standard CPS 320 Actuarial and Related Matters - marked up PDF 261.39 …