Regulatory AlertsCPG 220 Risk Management
The Australian Prudential Regulation Authority issued this prudential practice guide to assist ADIs, insurers, and private health insurers in complying with Prudential Standard CPS 220 Risk Management. The document outlines prudent practices for establishing a risk management framework, including the three lines of defence model, board oversight responsibilities, and the integration of risk culture with remuneration policies. It further details requirements for group risk management, stress testing, and the alignment of risk strategies with internal capital adequacy assessments and business planning.
Share