CPS 232 — Prudential Standard CPS 232 Business Continuity Management

The standard is issued by the Australian Prudential Regulation Authority (APRA) and emphasizes the need for financial institutions to establish a framework for business continuity management. This includes identifying critical business operations, assessing risks, and implementing mitigation strategies to ensure resilience during adverse events. Updated as of July 2017, it provides detailed requirements for governance, testing, and review mechanisms to maintain operational continuity.