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Showing 31 - 40 of 100 results for "CPS"

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... wanting deeper insight into how variable remuneration is rewarded. The prudential regulator has updated Prudential Standard CPS 511 Remuneration to reflect how it wants trustees to annually publish information on remuneration frameworks, design, governance ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... resilience compares to their peers. Meanwhile, APRA is assessing more than 300 of its regulated entities' compliance with CPS 234 Information Security. So far, 24% of entities have been reviewed, finding several concerning gaps including incident response ...

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 ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed 24% of entities, finding several concerning gaps, it ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... to their operational viability. The regulator said this should mitigate the potential fallout from institutional failures. CPS 190 Financial Contingency Planning, which was finalised in December 2022, mandates all APRA-regulated entities to have plans ...

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 ...