Resilience in Focus: How Boards Are Preparing for CPS 230

According to an industry expert from Amazon Web Services, resilience has become a board-level concern for Australia’s financial services industry ahead of new CPS 230 Operational Risk Management regulations from the Australian Prudential Regulatory Authority, the industry’s regulatory body.
Australian banks, insurers, and superannuation funds will be required to meet the APRA’s new consolidated CPS 230 standard for operational risk management. Those classified as “significant” financial in...