CPS 230 compliance has officially commenced. Is your organisation ready?
APRA’s new CPS 230 – Operational Risk Management standard marks a significant shift in how financial services entities must approach operational risk, third-party arrangements, and business continuity. From July 2025, organisations face a complex and time-critical compliance journey.
This hub brings together our latest insights, practical guidance, and legal perspectives to help you confidently meet the obligations under CPS 230 – while strengthening your resilience and protecting your customers. Whether you're assessing your risk frameworks, updating contracts, or preparing board reporting, our experts are here to support you at every stage.
Insights and updates:
CPS 230: Is your organisation ready? 2025 Industry Survey
Ahead of the 1 July 2025 start date, PFS Consulting surveyed APRA-regulated entities on their CPS 230 readiness.
The report provides insights into how entities are approaching operational complexity, governance, and risk management – and the challenges they see ahead.
CPS 230 Fact Sheet
CPS 230 is a compulsory prudential standard issued by the Australian Prudential Regulatory Authority (APRA) which will come into effect on 1 July 2025.
Partnering with the Underwriting Agencies Council (UAC), special counsel Samantha Younane wrote on what CPS 230 is, why it's been implemented, and the impacts for underwriting agencies.
Wotton Kearney's Cyber, Privacy & Technology Report – Issue 9
Our Cyber, Privacy & Technology Report, covers key developments and insights for insurers, brokers, and their customers operating in the cyber, privacy, and technology sectors.
We touch on APRA's updated standards for operational resilience in this report.
Wotton Kearney acknowledges the traditional custodians of the lands on which we work, and pay our respects to Elders past and present.
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