Regulatory AlertsCPG 190 Recovery and Exit Planning
The Australian Prudential Regulation Authority issued Prudential Practice Guide CPG 190 to provide guidance on implementing Prudential Standard CPS 190, which requires regulated entities to develop recovery and exit plans. The standard applies to ADIs and insurers from 1 January 2024 and to RSE licensees from 1 January 2025, mandating plans that demonstrate how entities can restore financial resilience or execute an orderly exit from regulated activity. The guide outlines key requirements including trigger frameworks, credible recovery and exit actions, board oversight, and scenario analysis to ensure entities are prepared for stress threatening their viability.
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