ACSA has issued its latest guidance on APRA CPS230 Operational Risk Guidance Note – Scenario Testing and Design for ACSA Members and clients.
APRA requires APRA-regulated entities to have a systematic testing program for its Business Continuity Program that covers all critical operations and includes an annual business continuity exercise. Severe but plausible scenarios should be used to the test the effectiveness of the entity’s critical operations and its ability to meet tolerance levels.
This is the latest APRA CPS230 Guidance from ACSA and follows the release of guidance on Critical Operations, Oversight Arrangements and Tolerance levels.
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