Amending Prudential Standard CPS 510 Governance, CPS 520 Fit and Proper and CPS 220 Risk Management to clarify expectations of boards, simplify the prudential framework and reduce regulatory burden Strengthening cyber resilience:The plan identifies the following actions to strengthen cyber resilience: 'Act...
APRA has pushed back the planned consultation and commencement dates for operational resilience standards – APRA now plans to consult in 2022 with a view to the changes coming into effect in 2024 APRA has also pushed back the planned commencement dates for CPS510 Governance and CPS 220 Risk Man...
APRA proposes to shift the remuneration requirements from the governance standards in CPS 510 and SPS 510 (CPS/SPS 510) into a stand-alone prudential standard covering all APRA regulated entities: ie authorised deposit taking institutions (ADIs), general insurers, life insurers, private h...