ACSA Thought Leadership Series: Demystifying custody and investment services approach to APRA’s CP230 Operational Risk Standard and Guidance

NOTE: This event time will be 12pm - 1pm on Friday 13th October. Your calendar may adjust when daylight savings kicks in.

ACSA is focused on promoting efficiency and best practices for members, clients and the market.

APRA has released its much-anticipated final Prudential Standard CPS 230 – Operational Risk Management, alongside draft supporting Guidance CPG 230.

ACSA is excited to have Ashurst share insights and help the custody and investment services industry understand the implications of the prudential standard and guidance.

APRA’s Prudential Standard CPS 230 – Operational Risk Management, bolsters operational risk management practices across the Financial Services sector. While the final standard contains few changes to APRA’s earlier draft, the new accompanying draft Prudential Practice Guide (CPG) provides materially more detail around expectations across Operational Risk Management, Business Continuity Planning and the Management of Service Providers.

In particular, the guidance around Operational Risk Management is broad and reflects many aspects of better practice across leading entities in the industry. APRA’s consultation on the draft guidance closes on 13 October 2023 and ACSA has formed a working group to consider the industries response to the guidelines.

In this webinar Ashurst will provide insights into:

• The background and need for Prudential Standard CPS230 and the guidance CPG230
• The implications of the prudential standard and guidance for Material Service Providers, such as Custodians and Investment Administrators
• The way forward and timelines for implementation

Leading the discussion will be:

Lisa Simmons, Partner Financial Institutions and Markets, Ashurst

Niki Short, Risk Advisory Partner, Ashurst

Join our experts in demystifying Custody and Investment Services approach to APRA’s CP230 Operational Risk Standard and Guidance for your organisation.

Who should attend this webinar:

• Fund issuers, including Responsible Entities / trustees of wholesale collective investments, investment/asset managers.
• Superannuation administrators, executives and trustees.
• Custodians offering services to local and foreign investors § Investor Directed Platform Service (IDPS) and Managed Account operators.
• Investment administrators, including those performing net asset value calculation and/or unit pricing, fund accounting and/or tax services for managed investment schemes and complying superannuation funds.
• Registry providers.
• Technology providers interested in streamlining process automation.

REGISTER HERE.