Regulatory AlertsSPG 220 Risk Management
The Australian Prudential Regulation Authority (APRA) issues this Prudential Practice Guide to provide guidance for Registrable Superannuation Entity (RSE) licensees on complying with Prudential Standard SPS 220 Risk Management. The document outlines expectations for establishing robust risk management frameworks, including defining risk appetite, identifying material risks, and fostering a strong risk culture driven by board oversight. It details requirements for risk identification, assessment, control mechanisms, and the independent function of risk management to ensure the sound financial position of RSE business operations.
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