Regulatory Update August 2024

The new financial year has seen a range of updates to financial services regulation and administration.
CPS230 Check in: How does your progress stack up?

With the release of Apra’s Practice Guide CPG230 – Operational Risk Management, the CPS230 regulatory framework has now been finalised making it an opportune time to take stock on where you are up to in your CPS230 journey.
Operational Risk Management – Top tips on CPS230

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’s Guide for Directors

APRA’s recently released Guide for Directors is a must read for financial institution Directors, CEOs & Executives.
CPS 230 The journey towards resilience

In this article, we aim to improve your understanding of APRA’s proposed CPS 230 Operational Risk Management and the journey of risk maturity that Boards and Management will need to take to enhance operational resilience and value.
The Special Needs of Financial Services Boards

Many recent reviews into the financial services industry have identified widespread and systemic misconduct. Whilst some misconduct has been unlawful, much has been simply behaviour that has not met community standards and expectations.
Risk Management Implications of Coronavirus (COVID-19) for Non-Executive Directors

PFS Principal Ian Laughlin is a member of a Working Group of the Actuaries Institute that has prepared this paper for the Institute’s Pandemic Resource Centre.
Submission to APRA Prudential Standard CPS 511 – Remuneration

PFS Consulting is pleased to provide this submission in relation to the draft Prudential Standard CPS 511 – Remuneration (“CPS 511”).