Information and topics covered
"Understanding and implementing the CPS 230 requirements is not just about compliance; it's about strengthening the resilience and operational integrity of your organisation." - Michael Howell, Research & Content Lead, Protecht
Are you prepared for APRA’s CPS 230 standard on operational risk? APRA have been clear on multiple occasions that entities should not be sitting on their hands. While the full standard doesn’t come into effect until July 2025, entities should already be on their way to defining critical operations, setting tolerance levels, and identifying material service providers.
This requires a new way of thinking. Critical operations shifts beyond silos, systems and processes to the outcomes that must be delivered to your stakeholders. Defining tolerance looks beyond a traditional approach of how disruption affects your internal financial or performance targets, forcing you to look through an external lens. Only through an understanding of the resources required to deliver your critical operations can you truly identify the material service providers.
This webinar will demystify the process of becoming CPS 230-ready. With the deadline looming, many organisations feel the pressure to comply but lack clarity on where to begin or how to proceed. We will break down the standard into manageable steps, offering practical advice and real-world examples to illustrate how to effectively meet APRA's expectations.
What you will learn
- How to accurately define your critical operations in line with CPS 230 requirements.
- Strategies for setting and managing tolerance levels that integrate with your business continuity and risk management goals.
- The importance of governance when defining critical operations and tolerance levels, including who should be accountable and how to capture necessary data.
- Ways to leverage your understanding of critical operations to identify and manage material service providers effectively.
Target audience
This webinar is aimed at all CPS 230 regulated entities, especially:
- Chief Compliance Officers and compliance managers seeking to navigate the compliance landscape efficiently.
- Chief Risk Officers and risk managers looking to enhance their risk management frameworks in light of CPS 230.
- Supplier risk managers and procurement teams involved in managing third-party relationships and risks.
- IT security professionals focused on safeguarding operational and information security within the compliance framework.
- Material service providers to CPS 230 regulated entities, including underwriting agencies, technology companies, debt collection agencies, law firms, and outsourced call centres, who play a crucial role in their clients' compliance ecosystems.
