NEWSLETTER: Banking Sector – Issue 108

5 August 2022


Welcome to the latest issue of our Banking Sector Newsletter.

The Australian Prudential Regulation Authority (APRA) is consulting on a new prudential standard designed to strengthen the management of operational risk in the banking, insurance and superannuation industries. In a consultation package released, APRA proposes to introduce a new cross-industry Prudential Standard CPS 230 Operational Risk Management, which will set out minimum standards for managing operational risk, including updated requirements for business continuity and service provider management.

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