Risk & Reputation: implications of CPS 230

During November, TAL’s Partner Roundtable event brought together our lead risk, compliance and corporate affairs people for a discussion on Prudential Standard CPS 230 and its implications for operational risk management. With representation across our partner community, the session provided a valuable forum to discuss key preparation requirements and considerations for CPS 230 and its impact on super funds, insurers and the way we work together. During the session, an overview of TAL’s CPS 230 implementation plan and early findings were shared.

Challenges and opportunities for business continuity and critical operations

The discussion raised a number of potential challenges and opportunities for business continuity and critical operations including information sharing, risk management and assurance frameworks. It’s clear that early and ongoing engagement and collaboration will prove invaluable.

Supporting ongoing collaboration

At TAL we’re committed to an approach which give you confidence in our delivery and continues to support ongoing collaboration. Through continued engagement throughout the implementation of CPS 230, we can ensure robust delivery of the program and ongoing sustainability once the requirements are implemented into business-as-usual practices.

Get in touch to find out more

A further partner event is planned for early in 2024 to begin to detail opportunities for collaboration, including guiding principles for Material Service Provider assurance and governance, the approach to critical operations mapping and alignment on interpretation of key terminology within CPS 230. Get in touch with your partnership manager if you’d like to be involved in discussions or if you’d like to learn more.