CPS 230 is a new prudential standard that will introduce operational risk management as a requirement for entities regulated by the Australian Prudential Regulation Authority (APRA).
This paper discusses the requirements that will be imposed by CPS 230 and the potential challenges faced by APRA regulated entities in complying with the new prudential standard.
It will also share insight into how MongoDB can assist organisations in overcoming three key focus areas highlighted in CPS 230, these being:
- Operational risk management
- Business continuity
- Management of service provider arrangements
We hope that you enjoy the paper, if you would like more, please visit our MongoDB for Financial Services Page.
