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Setting a new standard: a guide to APRA's operational risk management reforms
Insight 10 Aug 2023

Given the tight timeframes proposed, APRA regulated entities should begin to review their operational risk management processes and arrangements against draft CPS 230 – see our practical implementation guide here. ...

Part 1 – Detailed Analysis of CPS 230 and comparison with existing standards
Insight 10 Aug 2023

Operational risk has been a headline issue in the superannuation, insurance and banking industries over recent years, so it is no surprise to see APRA sharpening its focus on operational resilience with the release of a new draft prudential standard, CPS 230. In this Insight we provide an overview of CPS 230 and what it will mean for you. ...

End in sight for FFSP transitional arrangements
Insight 09 Aug 2023

In exciting news for foreign financial service providers (FFSPs), the Australian Government has announced new proposals to reform the foreign financial services licensing regime following a lengthy period of uncertainty and ongoing transitional arrangements. ...

Number of class action filings on track to significantly outstrip 2022
News 06 Aug 2023

The increase in filings has been fuelled by the first significant wave of cyber class actions following several high-profile data breach incidents, as well as a rise in competing class actions. 'Th ...

Class action risk: interim update
Insight 04 Aug 2023

Class action filings in 2023 are on pace to significantly outstrip the number of claims filed last year, reverting to the trend of elevated filings seen over recent record setting years. ...

Future-proofing the energy transition: strategies for mitigating project disputes
Insight 26 Jul 2023

In this Insight, we explore the major trends that we believe will prove the most fertile ground for future projects disputes. ...

No longer 'once in a blue moon': bluewashing risks and challenges can't be ignored
Insight 23 Jul 2023

In this Insight, we explain why companies should carefully consider their representations about human rights and other social issues, and how to manage associated bluewashing risk. ...

It's nearly here: how businesses can prepare for mandatory climate-related financial reporting
Insight 18 Jul 2023

A mandatory climate disclosure will commence for the first cohort of reporting entities from 2024-2025, and firms up details on the overall architecture of a reporting regime which is now expected to cover around 20,000 Australian organisations. ...

Key observations from the Government's review of Australia's corporate insolvency regime
Insight 13 Jul 2023

Key observations from the Government's review of Australia's corporate insolvency regime. ...

Payments regulation reform: the Government consults on broad changes to payments system regulation
Insight 13 Jul 2023

The Australian Treasury's recent publication of three significant, and long awaited, payment regulation documents means providers of payments and related services should consider the potential impact of the proposed changes on their business and licensing obligations. ...

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