APRA has now released draft Prudential Standard CPS 230 Operational Risk Management for comment. CPS 230 establishes APRA’s expectations regarding operational resilience and will replace CPS 231: Outsourcing and CPS 232: Business Continuity, and the sector specific standards HPS 231, SPS 231 and SPS 232.
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APRA consults on new prudential standard to strengthen operational resilience
Insight
Prepare now for strengthening prudential requirements for remuneration
Client Alert
Appropriate culture, governance systems and remuneration structures are critical to rebuilding trust in financial institutions and ensuring a resilient financial system. APRA, as the prudential regulator, plays a significant role in this through introducing new standards and its oversight regime.