US EditionNew Operational Risk Management Rules Now in Force in Australia
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Now in force – APRA CPS 230 Operational Risk Management
On 1 July 2025, the Australian Prudential Regulation Authority’s (APRA) Prudential Standard (CPS) 230 Operational Risk Management came into force. The aim of CPS 230 is to ensure that an APRA-regulated entity is resilient to operational risks and disruptions. The key requirements are that an APRA-regulated entity must: Identify, assess and manage its operational risks, with effective internal controls, monitoring and remediation. Be able to con…
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