Regulatory AlertsCPS 190 Recovery and Exit Planning
The Australian Prudential Regulation Authority issued Prudential Standard CPS 190 to require regulated entities to develop and maintain credible recovery and exit plans for stress scenarios. The standard mandates that these Board-approved plans include stress triggers, actions to restore financial resilience, and strategies for orderly exit, while prohibiting assumptions of extraordinary public support. Significant financial institutions face additional obligations to conduct scenario analysis, assess recovery capacity, and perform operational testing to ensure execution readiness.
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