In its latest corporate plan, APRA said its focus is to 'protect the community today' and ensure the financial system is 'prepared for tomorrow'.
August 15, 2022APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.
July 29, 2022Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.
July 21, 2022Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.
July 5, 2022Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022The financial services sector recorded more cyber incidents than all other industries in New Zealand in the quarter ending March.
June 24, 2022Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
June 16, 2022The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.
June 15, 2022FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
June 7, 2022The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022