APRA rules on risk management
02 Jun 2015
The Australian Prudential Regulation Authority (APRA) has
released the final version of its new risk-management standard and
associated guidance. PKF Mack Audit & Assurance Partner,
Simon Fermanis provides an overview of Prudential Standard CPS 220
'Risk Management' and Prudential Practice Guide CPG 220 'Risk
Management'.
The new requirements are applicable to authorised
deposit-taking institutions (ADIs), general insurers and life
companies, as well as authorised non-operating holding companies
(NOHCs), taking effect from 1 January 2015.
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