Australia: APRA prudential standard on operational risk
Progress
Current status
adopted
01 Jul 2025 in force
17 Jul 2023 adopted
Scope
Implementers
Australia
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Implemented APRA Prudential Standard on Operational Risk Management
On 1 July 2025, the new prudential standard with the purpose of enhancing operational risk management for banks, insurers and superannuation trustees, published by the Australian Prudential Regulation Authority (APRA), came into effect. The standard…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
other regulatory body
Adopted APRA Prudential Standard on Operational Risk Management
On 17 July 2023, the Australian Prudential Regulation Authority (APRA) adopted the Prudential Standard Operational Risk Management (CPS 230) with the purpose of enhancing operational risk management for banks, insurers, and superannuation trustees. …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
other regulatory body