CPS 230 Is Here: What It Means for Procurement Professionals in Australia
What Is CPS 230? CPS 230 is APRA’s new Prudential Standard on Operational Risk Management, going into effect on 1 July 2025. It’s a major regulatory shift for all APRA-regulated entities—banks, insurers, and superannuation funds. At its core, CPS 230 requires organisations to proactively manage operational risks, critical operations, and material service providers. It goes […]
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