What is cps 511?
Similarly, CPS 511 requires an APRA-regulated entity’s variable remuneration arrangements to incorporate adjustment tools that can reduce variable remuneration, potentially to zero, for adverse risk and conduct outcomes.
What is CPG 229?
The final version of Prudential Practice Guide CPG 229 Climate Change Financial Risks (Final CPG 229) is designed to assist banks, insurers and superannuation trustees with managing climate-related risks and opportunities within their existing risk management and governance practices.
What SPS 220?
SPS 220 RIsk Management. This Prudential Standard establishes requirements for an RSE licensee to have systems for identifying, assessing, managing, mitigating and monitoring material risks that may affect its ability to meet its obligations to beneficiaries.
What is CPS APRA?
What is CPS 234? CPS 234 is a mandatory regulation issued by the Australian Prudential Regulatory Authority (APRA) and commences on 1st of July 2019. It requires organisation to uplift their information security capabilities commensurate with the evolving size and extent of the threats to their assets.
What does APS stand for APRA?
Prudential Standard
APS refers to Prudential Standard made under the Act and used by APRA to set prudential rules for ADIs. APS 001 refers to Prudential Standard APS 001 Definitions. APS 110 refers to Prudential Standard APS 110 Capital Adequacy. APS 111 refers to Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.
What are TCFD recommendations?
Overview. The TCFD recommendations on climate-related financial disclosures are widely adoptable and applicable to organizations across sectors and jurisdictions. They are designed to solicit decision-useful, forward-looking information that can be included in mainstream financial filings.
How do you manage compliance risk and stay out of the headlines APRA?
Better practice involves understanding end-to-end processes for products and services, applying an overlaid view of compliance obligations, and implementing ongoing monitoring to identify any gaps between business process and applicable regulations and laws.
What is sps250?
November 2019. On 25 November 2019, APRA released for consultation its proposed revisions to SPS 250, which are aimed at improving superannuation member outcomes by helping trustees select the most appropriate policies for their members, and monitor their ongoing relationships with insurers.
What is CPG 234?
The updated draft CPG 234, renamed as Prudential Practice Guide CPG 234 Information Security, is designed to assist regulated entities in complying with CPS 234 on an ongoing basis, as well as providing APRA’s observations as to what constitutes good practice in information security.
What is CPG 235?
The purpose of CPG 235 is to assist regulated entities within Australia managing data risk. It is designed to guide senior management, risk management and technical specialists (both management and operational). CPG 235 follows on from the principles that were laid down in BCBS 239.
Who needs to report to APRA?
Registered Financial Corporations (RFCs) with more than $50 million assets are required, under the Financial Sector (Collection of Data) Act 2001 and its reporting standard, to provide data to APRA. The data is defined in the set of reporting forms and instructions.
What are the four pillars of TCFD?
It is organized around the four core TCFD pillars: governance, strategy, risk management, and metrics and targets.
What is APRA SPS 521 conflicts of interest?
Prudential Standard SPS 521 Conflicts of Interest (SPS 521) sets out APRA’s requirements in relation to an RSE licensee’s management of conflicts of interest and duty.
What is the purpose of the APRA ppg?
This PPG aims to assist regulated entities in managing data risk. It is designed to provide guidance to senior management, risk management and technical specialists (both management and operational). The PPG targets areas where APRA continues to identify weaknesses as part of its ongoing supervisory activities.
What is APRA standard SPS 220 risk management?
Prudential Standard SPS 220 Risk Management (SPS 220) sets out APRA’s requirements for an RSE licensee to maintain adequate resources to undertake the activities for which it holds an RSE licence.
What is the APRA self-insurance Reporting Standard?
This Reporting Standard sets out the requirements for the provision of information to APRA relating to self-insurance arrangements within a registrable superannuation entity.