Featured Product

    APRA Proposes Amendments to CPG 234 Related to Information Security

    March 25, 2019

    APRA is proposing the cross-industry Prudential Practice Guide 234 Information Security (CPG 234), which will replace the existing CPG 234 Management of Security Risk in Information and Information Technology. Comments are requested by May 17, 2019.

    APRA released, in November 2018, a new Prudential Standard CPS 234 Information Security (CPS 234) that applies to all APRA-regulated entities from July 01, 2019. When releasing CPS 234, APRA noted that it would consult on an updated CPG 234. The CPG 234 is designed to assist regulated entities in complying with CPS 234 on an ongoing basis and conveys observations of APRA on what constitutes good practice in information security. The key matters covered in the updated draft CPG 234 include the following:

    • Guidance on information asset identification and classification
    • Details to assist APRA-regulated entities when notifying APRA of information security incidents and information control weaknesses, as required under CPS 234
    • Various matters for which APRA, through its ongoing supervision, has identified deficiencies in the practices of regulated entities

    The guide is aimed at boards and senior management as well as risk and information technology experts within regulated entities. It outlines how entities can maintain information security capabilities commensurate with the size and complexity of their business and the sensitivity of the data they possess. It also explains how entities can optimize their resilience when aspects of their information security are managed by third parties.

     

    Related Links

    Comment Due Date: May 17, 2019

    Keywords: Asia Pacific, Australia, Banking, Insurance, CPS 234, CPG 234, Information Security, APRA

    Related Articles
    News

    EC Delegated Regulation on Specialized Lending Exposures Under CRR

    EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.

    April 14, 2021 WebPage Regulatory News
    News

    OSFI Consults on Minimum Qualifying Rate for Uninsured Mortgages

    OSFI is proposing new minimum qualifying rate for uninsured mortgages under the Guideline B-20.

    April 13, 2021 WebPage Regulatory News
    News

    OSFI Issues Letter on ICAAP Submission and Internal Audit of BCAR

    OSFI issued a letter to confirm that a formal Internal Capital Adequacy Assessment Process (ICAAP) submission is not required in 2021.

    April 12, 2021 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in April 2021

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities amounting to 115 as of the March 01, 2021 cut-off date.

    April 12, 2021 WebPage Regulatory News
    News

    ESMA Issues Notification Templates for STS Synthetic Securitizations

    ESMA published the interim simple, transparent, and standardized (STS) notification templates for synthetic securitizations, post the recent amendments to the Securitization Regulation.

    April 09, 2021 WebPage Regulatory News
    News

    EC Agrees to Prolong Scheme to Support NPL Reduction at Greek Banks

    EC has approved the prolongation of an existing Greek scheme aiming to support the reduction of nonperforming loans, or NPLs, of Greek banks on the basis that it remains free of any State aid.

    April 09, 2021 WebPage Regulatory News
    News

    EIOPA Study Examines Internal Model Market and Credit Risks Under SII

    EIOPA published a report presenting the results of its yearly study on the internal modeling of market and credit risks under the Solvency II Directive, also known as SII.

    April 09, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.

    April 08, 2021 WebPage Regulatory News
    News

    EBA Updates Lists of Entities for Use in Capital Calculations under SA

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.

    April 08, 2021 WebPage Regulatory News
    News

    FED Proposes to Automate Bank Stock Adjustment Using Call Report Data

    FED published a proposal to automate non-merger-related adjustments to member banks' subscriptions to Federal Reserve Bank capital stock.

    April 08, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6835