cps
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 …
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 …
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 …
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 …
Consultation on minor amendments to centralise the definition of a significant financial institution
… Amendments would be made to: Prudential Standards CPS 511 Remuneration, APS 110 Capital Adequacy, APS 112 … under the FOIA. Footnotes 1 Prudential Standards CPS 190 Financial Contingency Planning and CPS 900 Resolution Planning also differentiate requirements …
APRA Member Suzanne Smith - Speech to Financial Services and ASX Sector Assurance Forum 2025
… APRA’s first prudential standard on information security, CPS 234, took effect, all APRA-regulated entities take cyber … A program of tripartite assessments of compliance with CPS 234, which wrapped up last year, revealed sector wide … and has response maturity been tested; and Are detailed CPS 234 incident notifications being lodged promptly? This …
APRA Executive Board Member Suzanne Smith - Speech to the ICA conference 2024
… the implementation of cross-industry “Prudential Standard CPS 230 – Operational Risk”, commencing in July 2025. This … example, that ties together the key elements across FAR, CPS 230 and broader governance requirements, is a focus for …
Opening Statement to the House of Representatives Standing Committee on Economics - October 2024
… their defences and response capability – in line with the CPS 234 Information Security prudential standard – is … risks and respond to business disruptions. The new CPS 230 Operational Risk Management prudential standard will …
Recovery and resolution planning
… Recovery and exit planning Under Prudential Standard CPS 190 Recovery and Exit Planning, APRA-regulated entities … for preparing resolution plans for entities subject to CPS 900 Resolution Planning – that is the larger and more …
APRA to step up scrutiny of climate risks after releasing survey results
… within existing prudential risk management standards CPS 220 and SPS 220, and supervisors will be factoring this …
APRA Chair Wayne Byres - Speech to RMA Australia CRO Conference
… detrimental impact on the community, Prudential Standard CPS 230 Operational Resilience seeks to ensure that financial … customers and the broader financial system. In particular, CPS 230 establishes new requirements for each financial … the mandate of a prudential supervisor. The advent of CPS 220 Risk Management with its requirement for boards to …
APRA Deputy Chairman, John Lonsdale - Speech to the 2019 Actuaries Summit
… In a matter of weeks, APRA’s new cross-industry standard, CPS 320 Actuarial and Related Matters, comes into effect . … standard. The outcome was the new prudential standard CPS 320, which takes effect from 1 July. One of the most … act as a trusted advisor to the board. Other provisions in CPS 320 are aimed at giving Appointed Actuaries the …
APRA Member Margaret Cole - Speech to the Financial Services Council Policy Briefing
… and labour shortages. The proposed Prudential Standard CPS 230 Operational Risk Management (CPS 230) will replace five existing standards including the … important issue for this industry. Chapter four of the CPS 230 discussion paper is particularly significant as it …
Capital review for general insurers and life insurers
… KB LPS 700 Friendly Society Benefit Funds PDF 89.57 KB CPS 231 Outsourcing PDF 51.18 KB CPS 232 Business Continuity Management PDF 45.37 KB Prudential Standard CPS 510 Governance January 2013 PDF 118.01 KB Responsible …
Quality data as an asset for boards, management, and business
… Data Risk, and data featuring as a key risk type in CPS 234 Information Security and more recently in CPS 230 Operational Resilience. To date, APRA’s supervisory … to continue its focus on data risk management through CPS 230. Data risk is a key consideration under operational …
How to manage compliance risk and stay out of the headlines
… management framework to manage risk. Prudential Standard CPS 220 Risk Management sets out APRA’s requirements in … management framework of an APRA-regulated institution. CPS 220 specifically requires that entities have an … and gives a voice to compliance management, supporting CPS 220’s requirement for an independent compliance function. …
Opening Statement to Senate Economics Legislation Committee - November 2024
… cohort to improve their cyber defences (in accordance with CPS 234 Information Security ) and operational resilience. The new CPS 230 Operational Risk Management standard comes into …