GRCStandard

CPS 230

Prudential Standard CPS 230 Operational Risk Management

CPS 230 sets out requirements for APRA-regulated entities to effectively manage operational risks. It covers obligations on governance, risk frameworks, and risk controls to ensure resilience against operational disruptions.

Book your strategy call View source ↗

Overview

The Prudential Standard CPS 230 enforces a structured approach to operational risk management for entities regulated by the Australian Prudential Regulation Authority (APRA). It mandates robust governance arrangements, comprehensive operational risk management frameworks, and appropriate risk controls. This standard aims to reduce the impact of operational disruptions on these entities and the broader financial system. CPS 230 incorporates expectations for incident response, business continuity, and operational resilience, alongside periodic risk assessments and reporting obligations.

Related in GRC

GRCLaw

CBK Law — Law No. (32) of 1968 Concerning Currency, The Central Bank of Kuwait and The Regulation of Banking

Law No. (32) of 1968 establishes the legal framework for the establishment and operation of the Central Bank of Kuwait (CBK) and governs currency issuance, banking regulations, and financial supervision within Kuwait. It includes amendments to address evolving economic and regulatory needs.

Central Bank of Kuwait • Kuwait • v2021

View details

GRCLaw

National Greenhouse and Energy Reporting Act 2007

The National Greenhouse and Energy Reporting Act 2007 establishes a national framework for corporations to report their greenhouse gas emissions, energy production, and energy consumption. It aims to improve data transparency and inform government policy on climate change.

Australian Government • Australia

View details

GRCRegulation

Fair Work Regulations 2009

The Fair Work Regulations 2009 provide detailed legislative backing to the Fair Work Act 2009, outlining the operational rules and requirements for employment relationships, industrial agreements, and workplace standards in Australia. It includes rules on employer obligations, employee protections, and compliance mechanisms.

Department of Employment and Workplace Relations (DEWR) • Australia

View details

GRCStandardControl set

ISO 9001 — ISO 9001:2015 Quality Management Systems — Requirements

ISO 9001:2015 is an international standard for quality management systems. It provides requirements for organizations to establish, implement, maintain, and continually improve a quality management system to enhance customer satisfaction and operational efficiency.

International Organization for Standardization (ISO) • v2015 (Edition 5)

View details

Ready to operationalize these standards?

6clicks maps regulations to controls, evidence and risks automatically.

Book your strategy call