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Showing 11 - 20 of 75 results for "CPS"

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... 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 not be introduced ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... risk management," Ellis said. She also noted that all APRA-regulated super funds would be assess under Prudential Standard CPS 234 Information Security this year. Last year, Spirit Super was the subject of a breach that saw the information of about 50,000 ...

Could a four-day workweek save the day?

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
The four-day workweek wave has hit Australian shores and its many advocates believe it can play a major role in closing the gender pay gap in retirement. This month, Labor and Greens senators backed a recommendation by the Senate work and care committee ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... address these concerns, APRA is conducting independent assessments of entities across all industries under Prudential Standard CPS 234 Information Security. "Our intention is that all APRA regulated super funds will be assessed in 2023," Ellis says. ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... $37 million fraud carried out on an Australian cryptocurrency exchange five years ago. The UK's Crime Prosecution Service (CPS) said Stephen William Boys, Kelly Caton, Jordan Kane Robinson and James Austin-Beddoes were sentenced to a combined 15 years ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... reflecting on their governance and accountability arrangements in preparation for the FAR," he reminded. Bingham also outlined CPS 230 Operational Resilience which sets out APRA's minimum expectations for the management of operational risk as well as ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... destroy all the information. They must also attest to APRA that the data will be managed in accordance with Prudential Standard CPS 2234 Information Security. "The proposed changes will also allow for increased fraud detection in the broader financial ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... inform the evolution of the prudential standards and guidance. More specifically, findings from the review have informed draft CPS 230 which APRA has recently released for consultation. APRA's thematic review was borne from its continued focus on improving ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... deal with threats to their viability while reducing the negative consequences resulting from failure. Its first proposal, CPS 190 Financial Contingency Planning (CPS 190) would ensure all APRA-regulated entities have plans for responding to severe financial ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... Embed key prudential reforms including "unquestionably strong" capital ratios, Basel III requirements and Prudential Standard CPS 511 Remuneration. Embed good governance, risk culture, remuneration and accountability (GCRA) practices across the banking ...