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Showing 41 - 50 of 100 results for "CPS"

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 ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
... managing operational risk, 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 ...

Regulators release crypto, cyber security roadmaps

CHLOE WALKER  |  THURSDAY, 21 APR 2022
... any risks that they may be taking on. In addition, APRA stated that the principles and requirements of Prudential Standard CPS 231 Outsourcing or Prudential Standard SPS 231 Outsourcing should be considered when relying on a third party in conducting ...

Iress halts divestment of UK mortgage business

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Iress has announced that it will not proceed with the divestment of its UK mortgage business. This latest announcement contrasts plans previously outlined in the company's 2021 annual report to consider a sale of the mortgages business. It was originally ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the new standards, now open to a ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... structures. Smaller funds are not required to set up a RemCo but must put in place arrangements to meet the requirements of CPS 511 and ensure there is appropriate oversight of remuneration and the decisions behind them. "Highly-paid material risk-takers" ...