Navigating Prudential Standard CPS 230 operational risk management compliance can be a challenging task for Australian financial institutions, especially when striving for commercial viability. Our tailored solution is designed to streamline compliance processes and enhance cost efficiency.
While entities like the "big four" banks, due to their scale, might have an inherent advantage in aligning with CPS 230, it's a more challenging journey for regional banks, medium-sized insurers, and superannuation funds. For them, CPS 230 presents a substantial challenge, as their size and maturity make compliance more onerous compared to their larger peers. For some, the commercial viability of adhering to this standard remains uncertain.
