cps
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 …
Finalising minor prudential framework updates for ADIs, insurers and registrable superannuation entity licensees
… subject to change Industries covered APRA response CPS 001 Defined terms Authorised deposit-taking institutions, …
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 …
Optus data breach: update for APRA-regulated entities following Federal Government announcement
… to provide written attestation to APRA Prudential Standard CPS 234 Information Security, in the context of accessing …
APRA consults further on the role of the Appointed Actuary and actuarial advice to insurers
… standards with a streamlined, cross-industry standard (CPS 320) and an accompanying prudential practice guide. APRA …
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 …
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 finalises updated guidance on information security
… of APRA’s new cross-industry prudential standard, CPS 234 Information Security , which comes into force on 1 …
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 …
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 …
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 …
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 …
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 …
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 …