Operational Risk Management – Top tips on CPS230

Operational risk

In this article on the implementation of APRA’s new operational risk standard, Daniel Frank, Madeleine Mattera, Jane Byrne, and Jules Gribble map out a pathway for successful implementation. We note that:

  • APRA is driving a heightened focus on operational risk with its recently published CPS230.
  • Regulated entities have an opportunity to sustainably enhance their value by proactively embracing the requirements of CPS230.
  • PFS has the experience, knowledge, and methodologies to support you realising this value.

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The publication provides us with APRA’s most comprehensive view on systemic risk and geopolitical risk together to date. In this article we review APRA’s observations and consider implications for the risk functions of APRA- regulated entities.

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