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Release of final CPS 230 Operational Risk Management

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Legal update, APRA releases final version of Prudential Standard CPS 230 Operational Risk Management provides a brief background to, and an overview of, Prudential Standard CPS 230. The update highlights some key implications for data protection obligations and third and fourth-party service provider obligations of APRA-regulated entities. The update also provides key information on the consultation for the draft Prudential Practice Guide, CPG 230 Operational Risk Management along with an overview of the timeline for the implementation of CPS 230.

Louise Sinclair
By Louise Sinclair
Senior Lawyer Writer (Data protection and privacy), Practical Law

Louise joined Practical Law after more than 15 years in legal practice working in commercial law and health law for both the government and in private practice, including at top tier law firm, Blake Dawson Waldron (now Ashurst).  Louise is a subject matter expert on data protection and privacy laws and is a current member of the Law Society of NSW's Privacy and Data Law Committee. Louise's expertise also includes advising across all areas of commercial and business law especially in the context of the provision of medical and health services including advising on major projects, information technology and outsourcing.

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