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Showing 1 - 10 of 24 results for "Operational Risk Management"

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... data management; financial and regulatory reporting; hardship processes; insurance risk management; operational risk management; product design and distribution obligations; product origination; recover and exit planning and resolution planning; reinsurance ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... operational risk and improve business continuity planning. The new Prudential Practice Guide CPG 230 Operational Risk Management (CPG 230) is designed to assist in the implementation of Prudential Standard CPS 230 Operational Risk Management (CPS 230) ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... processes, and practices in delivering good member outcome to enforce Prudential Standard CPS 230 Operational Risk Management, and transparency in administering the legislated performance test and heatmaps. The consultation runs until June 11.

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... August of last year on the regulator's expectations in relation to Prudential Standard CPS 230 Operational Risk Management, which all APRA-regulated entities must comply with from 1 July 2025. In that speech, McCarthy Hockey said: "Perhaps the most ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... Consequently, APRA has proposed a simpler approach that integrates with Prudential Standard SPS 230 Operational Risk Management and enables the use of ORFR. "The proposed changes are expected better to position RSE licensees to use the ORFR actively ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... a specific pool of financial resources to enable these actions to take place." Meanwhile, prudent operational risk management will allow for improved safety for members and greater confidence in the super system, APRA said. The role of the operational ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
... opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum standards for all APRA-regulated entities in managing operational risk, including updated requirements ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... prudential standards focus on the governance of super trustees, risk management and investment governance, operational risk management and strategic planning for positive member outcomes. Though going forward, to solve preeminent superannuation challenges ...
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