Australian Prudential Regulation Authority (APRA) CPS230 Operational Risk & Resilience
Australian financial institutions face a regulation with bolstered statutory powers
What is the Australian Prudential Regulation Authority?
The Australian Prudential Regulation Authority (APRA) protects the Australian community by establishing and enforcing prudential standards and practices governing financial institutions.
At a Glance
|Standard||APRA CPS230 Operational Risk & Resilience|
|SAI360 Solution||Operational Resilience|
Why is Compliance with APRA CPS230 Important?
The Australian Prudential Regulation Authority exists to protect the interests of depositors, policyholders and superannuation fund members. APRA CPS230 works closely with the Australian Treasury, the Reserve Bank of Australia, and the Australian Securities and Investments Commission.
Compliance with APRA CPS230 helps financial entities execute their fiduciary duties. Being in good standing with the regulation allows entities to promise customers that the Australian government will guarantee access to their funds should the financial institution fail.
How SAI360 Supports Compliance
Our cloud-first software equips users to monitor, measure and manage compliance with APRA CPS230 requirements. Regulatory compliance is part of SAI360’s operational resilience solution that also includes enterprise and operational risk, IT risk and cybersecurity, third-party/vendor risk and business continuity management. Get everything you need in one solution from SAI360. For APRA compliance, SAI360 enables your organization to:
- Streamline compliance with requirements
- Develop a proactive compliance posture
- Avoid unnecessary oversight, engagement and penalties
If APRA’s stepped-up oversight and enforcement have your institution’s attention, take your own action. Look into SAI360 for a regulatory compliance solution that can expand into enterprise and operational risk management, third-party/vendor risk management, resilience, wherever your financial institution needs to go for sound governance.
See how SAI360 helps manage risk in your industry.
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The SAI360 team