cps
APRA Chair John Lonsdale’s speech to AFR Banking Summit
… industries to operate. APRA released prudential standard CPS 230 Operational Risk Management last July to ensure … operations are best able to understand the purpose of CPS 230. The new standard is about understanding and … the capability needed to deliver the regulatory change for CPS 230 and sustain it are also thinking about oversight of …
Risk Management and Governance – A Prudential Regulator Perspective
… standards – in these ones in particular: Risk Management (CPS 220) Governance (CPS 510) Fit and Proper (CPS 520) I will now touch on some key aspects covered by …
Health insurer, heal thyself: APRA’s prescription for financial sustainability
… primarily through the introduction from April this year of CPS 2206, our cross-industry risk management prudential standard. CPS 220 sets out minimum expectations for how private health … with the more forceful cross-industry prudential standard CPS 510 to drive improved industry practices. Cross-industry …
Notify a breach
… Information Security Control Weaknesses required by CPS 234 Information Security continue to be reported to APRA …
APRA Deputy Chair Helen Rowell - Speech to the Financial Services Assurance Forum
… cross-industry risk management prudential standard CPS 220. Released in January 2014 and coming into effect a … over a year to go until our new remuneration standard, CPS 511, takes effect, APRA expects banks, insurers and … supervisory focus on industry’s implementation of the new CPS 511 requirements. For a subset of entities, APRA will …
APRA Chair Wayne Byres - Speech to the 2021 AFR Banking Summit
… to the existing Prudential Standards for Outsourcing (CPS 231) and Business Continuity Management (CPS 232), and additional guidance for entities to encourage … our relatively new standard on Information Security (CPS 234). We are intensifying our focus on cyber resilience, …
Deputy Chair John Lonsdale - speech to Customer Owned Banking Association (COBA) 2020 Convention
… new prudential standard on information security standard CPS 234 came into effect nearly 18 months ago for all … of the third-party arrangements transition provision in CPS 234 Information Security. By working together, we can …
APRA Executive General Manager, Policy and Advice Division, Pat Brennan - Speech to the KangaNews Debt Capital Markets Summit
… APRA released the final version of Prudential Standard CPS 234 Information security , which provides a clear set of … standard and will consider changes to Prudential Standards CPS 220 Risk Management as our work of non-financial risk …
Soft Stuff
… risk management. A new multi-industry prudential standard, CPS 220, comes into force on 1 January. This draws together … business strategy. Under the new prudential standard, CPS 220, the board must ensure that “it forms a view of the …
Executive Director Policy and Advice Division Renée Roberts - speech to Australian Securitisation Conference 2022
… consolidate and simplify our structure. Our recent draft CPS 230 on operational risk management is a great example of … causing undue regulatory burden?” Our soon to be finalised CPS 190 on recovery and exit planning is, we believe, a great …
Opening Statement to Senate Economics Legislation Committee – February 2025
… risk management requirements under new standard CPS 230 will take effect from 1 July. Additionally, APRA will …
Opening statement for Senate Economics Legislation Committee - March 2021
… of compliance with our new Information Security standard (CPS 234), and have kicked off a data collection exercise on …
The weight of money: A business case for climate risk resilience
… related to climate risk, and will continue to rely on CPS-220 for setting out general risk management expectations. …
APRA Chair John Lonsdale - Speech to AFR Banking Summit 2023
… reviews of our information security prudential standard CPS 234 demonstrate the evolving risks we are facing. It’s … Later this year APRA will finalise Prudential Standard CPS 230 Operational Risk Management, which will replace five …
Understanding and managing the financial risks of climate change
… requirements, including those found in Prudential Standard CPS 220 Risk Management. The cross-industry PPG, relevant to …
APRA Chair John Lonsdale - Speech to Citi Australia and New Zealand Investment Conference
… a result, our prudential standard on information security (CPS 234) applies equally to all entities. Yet where it is … with our prudential standard on operational resilience (CPS 230), which was finalised this year. To assist the …
APRA Executive General Manager, Risk and Data Analytics, Sean Carmody - Speech to the 2018 ISDA Annual Australia Conference
… phase in for initial margin (IM) under prudential standard CPS 226 and the model approval processes for the Standard … The provisions for substituted compliance such as those in CPS 226 have not been as useful or as widely used as we had …
APRA Chair Wayne Byres - Speech to the Risk Management Association Australia CRO Board Dinner
… strengthen our governance (CPS510) and risk management (CPS 220) standards. We will need to devote substantially more …