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The prudential regulator has proposed new reforms aimed at protecting superannuation fund members from “poor operational risk event outcomes”. The Australian Prudential Regulation Authority (APR
The prudential regulator has proposed new reforms aimed at protecting superannuation fund members from “poor operational risk event outcomes”. The Australian Prudential Regulation Authority (APR
APRA has proposed to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational risk event outcomes.
The Australian Prudential Regulation Authority (APRA) says that it is seeing requests to make "uneconomic calls", with global credit spreads widening significantly over the past 12 months.
The government is proposing changes to the Telecommunications Regulations 2021 following the Optus breach that will impact how APRA-regulated entities respond to cybersecurity incidents and risks.