Regulatory Alerts2023-10-10
Added · Updated
CPS 900 Resolution Planning
The Australian Prudential Regulation Authority issued Prudential Standard CPS 900 to require Significant Financial Institutions and non-SFIs providing critical functions to support orderly resolution planning. Entities must conduct resolvability assessments, develop pre-positioning plans to remove barriers, and maintain capabilities to assist APRA in effecting resolution. These obligations apply to all APRA-regulated entities upon notification and require reviews every three years to ensure financial stability and continuity of critical functions.
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