CPS 230 Resource Hub
Contact Us
Elevating Organisational Resilience with APRA's CPS 230
Welcome to our Resource Hub for further information about implementation of APRA's CPS 230 in the Australian Financial Services sector.
Discover how a well-planned CPS 230 framework can strengthen your organisation's operational resilience and safeguard your customers.
Suppliers to Regulated Entities have significant opportunities to gain from taking a pro-active approach in helping their customers to achieve CPS 230 compliance.
Key Benefits of Engaging Early on CPS 230 Implementations
For Regulated Financial Services Entities Engaging Their Suppliers:
  • Learn how to implement a managed supplier review and compliance uplift programme.
  • Drive deeper, better aligned supplier relationships through a clearly articulated CPS 230 compliance approach.
For Suppliers to Regulated Financial Services Entities:
  • Help your customers to meet their mandated CPS 230 compliance obligations.
  • Discover new opportunities to support regulated entities in new ways.
Guidance for Suppliers to Financial Services:
Download our latest white paper, 'The Writing on the Wall for Suppliers to Financial Services'
CPS 230 vs. DORA:
A Comparative Lens
1
Scope
CPS 230 focuses on Australian financial institutions, while DORA addresses the EU financial sector.
2
Operational Resilience
Both frameworks prioritize operational resilience, but with nuanced approaches.
3
Compliance Expectations
CPS 230 and DORA have distinct compliance timelines and implementation requirements.
4
Nuances in Implementation Approach
Unlike DORA, CPS 230 requires each Regulated Entity to interpret and apply the framework appropriate to its own context.
Reading Between the Lines for a Supplier's CPS 230 vs. DORA Approach
Suppliers that fail to quickly grasp the significance of the Financial Services Industry changes being driven by APRA's CPS 230 regulations risk over-simplifying the challenge and missing the mark entirely with respect to their responsibilities to their customers. Comparing APRA's CPS 230 to the European Union's DORA standard is a useful exercise in order to understand key differences in implementation and expectation from the relevant regulatory body.
Supplier organisations that regard CPS 230 as simply another compliance framework and attempt to re-purpose their approach and materials from their DORA or other compliance responses, will quickly find that generic, paper-based responses will fall short of what is expected from the industry in relation to CPS 230.
Regardless of their size and financial services involvement, suppliers should avoid generic responses and simply pointing their Regulated Entity customers to their Trust Centre, standard terms and conditions or providing generic responses to their questions, as this is very likely to frustrate customers and increase the pressure that CPS 230 places on them.
Suppliers need to provide detailed responses and assurances to their Regulated Entity customers' specific to the Australian CPS 230 context and in line with those entities' obligations under CPS 230.
Getting ahead of the CPS 230 challenge is the best path that trusted suppliers can take and ideally communicating a pro-active, 'here to help' methodology to their customers will likely be rewarded through longer, deeper relationships and the potential for further opportunities as a result.
How Our Consulting Expertise for CPS 230 Can Help Your Implementation
For Regulated Financial Services Entities:
  • Gap Analysis: We'll assess your current state and identify areas for improvement to meet CPS 230 requirements.
  • Implementation Support: Our advisory experts will work alongside your team to develop and execute a robust compliance plan.
  • Ongoing Guidance: Count on us for continuous support and updates as CPS 230 evolves to ensure your lasting compliance.
  • Managed Supplier Communication and Compliance Uplift: We will design and implement a tailored programme to manage your suppliers' uplift journey.
For Suppliers to Regulated Financial Services Entities:
Pro-Active Compliance Assessment: We will help you understand your customers' CPS 230 needs and align your solutions to help achieve compliance.
One-to-Many Communication Plan: Let us help you define and communicate a pro-active CPS 230 compliance uplift agenda to all of your regulated customers.
Identification of New Business Opportunities: Our advisory team will work with you to identify new opportunities and services that can help you develop deeper, longer term relationships with your regulated customers.
Key Benefits of Working with Us
1
Regulatory Expertise
Our team of seasoned compliance professionals stay ahead of the curve on CPS 230 requirements.
2
Tailored Solutions
We develop custom strategies to address your unique organisational needs and challenges.
3
Proven Track Record
Our clients trust us to navigate complex regulatory landscapes and achieve successful outcomes.
4
Responsive Support
Count on us for timely, personalised assistance throughout your CPS 230 compliance journey.
Client Success Stories
Superannuation Fund
Supported a large superannuation fund to implement enhanced operational risk frameworks, policies and procedures throughout the entire lifecycle from design, documentation to approval, board engagement, implementation through to regulatory evaluation.
Large Non-Profit
Provided cyber security strategy and advisory to define the client's cyber approach in line with its operational risk objectives. Designed client's Secure Enclave environment to meet its recovery objectives. Analysed supplier landscape, published compliance guidance and coached suppliers with uplift requirements.
Risk Maturity Programme
Designed and secured executive, Board and regulator approval for risk capability uplift strategy, program plans, new tools, operating models, deliverables and ongoing methods of measuring maturity across business units.
Global IT Services Vendor
Worked with FSI Account Services teams delivering services to large Financial Services clients. Coached teams on APRA's CPS 230 compliance objectives and helped the organisation to ensure that it's supplier value chain could provide the necessary insights and assurances to customers.
Getting Started: CPS 230 Briefing Workshops
Let's Plan and Schedule a Workshop
We offer tailored workshops to help your team become informed on the latest CPS 230 developments. To make the workshop as useful as possible, we suggest discussing your particular needs first, then we will suggest a workshop format and agenda to suit and schedule the workshop with you.
Please click the button below to be taken to our booking page so that you can choose a time for an initial planning call to discuss your CPS 230 workshop requirements.
Ready to Elevate Your Financial Resilience?
Contact us today to learn more about how our CPS 230 consulting services can help your organisation thrive in the evolving regulatory landscape. We're here to guide you every step of the way.
Please email us at
or call us on 1300 432 956
Please email us at
Partnering for customer success
About Us:
Risk Advisory Experts
stasis is a leading provider of risk advisory services, specialising in helping organisations achieve and maintain financial resilience through compliance with regulatory standards like APRA's CPS 230.
Our team of experienced consultants understands the complexities of navigating the ever-changing regulatory landscape. We work closely with our clients to implement best practices, continuously monitor compliance, and adapt to new requirements. By doing so, we help organisations attain a state of stasis - a balanced, resilient state where financial stability is elevated and sustained over the long term.
In addition to our expertise in CPS 230, we also offer comprehensive cyber security advisory services to further strengthen our clients' overall risk management posture. Our goal is to be a trusted partner in elevating your organisation's financial resilience and ensuring it remains a top priority, even in today's dynamic business environment.
Explore our other offerings, including client success stories and briefing workshops, to learn how stasis can help you achieve your risk management objectives.
Cyber Security Advisory
The 9th Mind Advisory team is comprised of senior industry experts with a track record of implementing enterprise Risk Management, Business Transformation and Cyber security strategies for some of Australia’s most recognisable brands and institutions.
Our primary objective is to distil learnings from the enterprise in order to provide our customers with tailored approaches designed to align customer stakeholders, mitigate risk and accelerate transformation initiatives.
Our expert team has extensive experience partnering with businesses across various industries, including large financial institutions, mining, insurance, healthcare, and not-for-profit organisations across Australia. We understand each sector’s unique challenges and tailor our approach to address their needs.
Furthermore; with our expertise assisting Australian financial services customers navigate their complex cyber security needs, 9th Mind Advisory is uniquely positioned to support your organisation address cyber security and resiliency aspects of CPS 230 implementation.
Contact us today to discuss your cyber security strategy and compliance needs.
Please email us at
or call us on 1300 432 956
Made with