cps
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. …
APRA Connect information security and technical specifications
… reporting entities to comply with the Prudential Standard CPS 234 Information Security , and take the necessary …
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 …
APRA Executive Board Member Suzanne Smith - Members Health Directors' Professional Development Program
… not meeting Information Security Prudential Standard CPS 234, based on the results of independent reviews and … capabilities through implementation of Prudential Standard CPS 230 Operational Risk Management (CPS 230). In summary, we want to see you remaining vigilant …
APRA releases survey results assessing management of risks associated with climate change in the financial sector
… including consulting on amending Prudential Standards CPS 220 and SPS 220 Risk Management to include climate risk …
APRA Insight Issue Two 2019
… launching the consultation on Draft Prudential Standard CPS 511 Remuneration in July, APRA has conducted industry …
Therese McCarthy Hockey remarks to COBA CEO and Directors Forum
… from. Last year, we introduced the new prudential standard CPS 190 Recovery and Exit Planning. This placed obligations … sure they had plans in place for a crisis scenario. With CPS 190 now in effect for all entities, we conducted a …
Computer terminal velocity: APRA's response to an accelerating risk
… security. The new cross-industry prudential standard CPS 234 builds on the guidance APRA released in 2010 and … seriously APRA views the issue of cyber security. Proposed CPS 234 complements the requirements laid out in CPS 220, APRA’s cross-industry prudential standard on risk …
APRA outlines new priorities in 2024-25 Corporate Plan
… through the implementation of new Prudential Standard CPS 230 Operational Risk ; raising industry standards on …
APRA Chair John Lonsdale - Speech to FINSIA The Regulators 2023
… Three years ago, APRA’s information security standard CPS 234 came into force, and yet many entities are still … to be compliant with the requirements of the new standard, CPS 230. It will help entities to understand and manage the …
Crypto-assets: Risk management expectations and policy roadmap
… the principles and requirements of Prudential Standard CPS 231 Outsourcing or Prudential Standard SPS 231 … depend on the nature of the activity. Prudential Standard CPS 220 Risk Management defines material risks as … Adequacy: Measurement of Capital. Prudential Standard CPS 231 Outsourcing, Prudential Standard SPS 231 Outsourcing …
APRA Executive Director Carmen Beverley-Smith's remarks to the ASFA Conference 2024
… new cross-industry operational risk prudential standard CPS 230 comes into force on the first of July next year. … under-developed in super in the past, so getting ready for CPS 230 has been a significant undertaking for many in this …
Application of the capital framework for COVID-19 related disruptions
… In accordance with the requirements of Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320), APRA expects the insurer’s Appointed Actuary to …
Deputy Chair John Lonsdale - speech to Customer Owned Banking Association (COBA) 2021 CEO & Directors Forum
… introduction of the new standard on information security, CPS 234, APRA intends to update Prudential Standard CPS 232 Business Continuity to drive change in industry … for compliance with our information security standard, CPS 234, suggest there is much work to do in uplifting …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2023
… risk management in the next month or so . This standard, CPS 230, is designed to strengthen the management of …
APRA's licensing process - frequently asked questions
… industries 4.1 Can APRA provide further guidance beyond CPS and GPG 220 Risk Management* 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 …
Twelve months on: APRA’s progress on the Royal Commission recommendations
… 5.2 and 5.3, APRA has developed draft prudential standard CPS 511 Remuneration. This draft standard encapsulates both … and its impact on remuneration. Consultation on CPS 511 closed in late 2019, and APRA has been considering …