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Showing 1 - 10 of 32 results for "Operational Risk Management"

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
APRA is warning superannuation funds "not to cut corners" when in it comes to getting their operational risk management in order as the landmark prudential standard CPS 230 comes into effect today. CPS 230 Operational Risk Management effectively forces ...

ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through consultation with the industry, key updates to the draft guidance include updates to align better with CPS ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... transformation strategy with several of the initiatives designed to strengthen culture and capabilities, operational risk management, business resilience and technology resilience, but we acknowledge there have been incidents that have damaged trust ...

ASFA, EY release guidance on CPS 230

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
... standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees responsible for operational risk management of third-party providers. ASFA said a key component of its guidance document involves increasing industry awareness of the different ...

RBA flags 'policy changes' could derail super

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... operational disruptions. Continued strengthening of superannuation funds' governance and liquidity and operational risk management practices is therefore an area of ongoing focus of regulators."

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... and/or governance failures observed by APRA, including "significant and persistent weaknesses" in its operational risk management framework, as well as concerns related to insurance administration and outsourcing. Cbus will engage independent experts ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... millions of Windows systems globally, and said it was an example of why APRA's new prudential standard on operational risk management, CPS 230, coming into force in July next year. "Noting the difficulties some of our regulated entities have had complying ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... of the ORFR. It said feedback from funds singled out being able to meet the requirements of CPS 230 Operational Risk Management via ORFR, including the management and prevention of instances and remediation where weaknesses are identified.

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) ...
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