CPS 230 Op Risk

CPS 230 Operational Risk

The CPS 230 Operational Risk Working Group (“WG”) was established to understand the key concepts and understanding of the APRA’s new regulatory prudential standard on behalf of the custodial services industry.

Our primary objective is to define the requirements of our clients and members needs under CPS 230 as material service providers then design a plan to implement a standardised industry toolkit/guideline available to our clients and members.

Access the Cyber White Paper here.

The CPS 230 Working Group is responsible for:

Defining the requirements of our clients and members needs under CPS 230 as material service providers
Communicating progressive updates to ACSA members and broader stakeholders
Working towards a common goal of developing a standardised industry response that will benefit the superannuation industry

How do we do this?

Delivering information to members and stakeholders
Leveraging the broader ACSA community
Engaging with other industry and regulatory groups

Executive Sponsor

Matthew Chuck - J.P. Morgan

Sub Group Chair

Karen Gilbert - State Street

“The introduction of the new cross-industry operational risk standard CPS 230 will strengthen the management of operational risk, improving business continuity planning and managing the risks from the use of service providers for all APRA-regulated entities."

Margaret Cole - Speech to the Conexus Chair Forum Sorrento - February 2024
APRA Deputy Chair

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CPS 230 Operational Risk