Regulatory AlertsCPG 900 Resolution Planning
The Australian Prudential Regulation Authority issued Prudential Practice Guide CPG 900 to provide guidance to significant financial institutions and non-significant entities providing critical functions on implementing CPS 900 Resolution Planning. The guide outlines the framework for developing bespoke resolution plans, requiring entities to support APRA in identifying critical functions, assessing resolvability, and establishing pre-positioning measures to ensure orderly resolution. It details the roles of boards, the analysis of resolution options, and the maintenance of financial resources and operational capabilities necessary to protect beneficiaries and maintain financial system stability.
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