From: Tuesday May 10, 2022, 12:00 pm
To: Tuesday May 10, 2022, 1:00 pm
APRA recently released two draft prudential standards for consultation, CPS 190 Financial Contingency Planning and CPS 900 Resolution Planning. During this webinar representatives from APRA will provide an overview of the standards and how it may impact the sector.
The webinar is estimated to be approximately 30 minutes in duration with additional time for Q&A.
On 2 December 2021, APRA released for consultation a discussion paper and two draft prudential standards to strengthen crisis preparedness across banks, insurers and superannuation trustees.
Draft Prudential Standard CPS 190 Financial Contingency Planning introduces requirements for all APRA-regulated entities to develop contingency plans to respond to financial stress by either recovering their financial resilience or exiting APRA-regulated activities in an orderly manner.
Draft Prudential Standard CPS 900 Resolution Planning requires large or complex entities, or those that provide critical functions to the economy, to be prepared for resolution to minimise the impact on the community and the financial system.
Alison Vo-Phuoc has been at APRA for two years working in the Resolution function. Prior to joining APRA, she worked for a number of years in the banking industry.
Rebecca Pu currently works on building the insurance resolution programme at APRA. Her previous fields of experience relate to insurance prudential policy development in Australia and the UK.
Cost Registration and Joining the Webinar
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Note on timing - all FSAA events are held as AEST (SYD/CBR/MEL).