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Part 1 – Detailed Analysis of CPS 230 and comparison with existing standards
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. ...
Setting a new standard: a guide to APRA's operational risk management reforms
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. ...
Class action risk: interim update
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. ...
No longer 'once in a blue moon': bluewashing risks and challenges can't be ignored
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
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. ...
It's riskier not investigating – why your organisation must confront serious allegations
This Insight examines the risks of not investigating allegations of misconduct and sets out some ways you can gauge whether your company is set up to adequately investigate serious allegations. ...
Takeaways from the Optus and Medibank data breach class actions
In this Insight, we examine the common elements that form the basis for the pleadings, some emerging issues and the practical steps that corporate Australia should be taking now to reduce their class action risk. ...
Recommendations for reform of Australia's Modern Slavery Act
The recommendations for reform of Australia's Modern Slavery if adopted, will mark a substantial strengthening in Australia's efforts to combat modern slavery, as well as more onerous due diligence and reporting requirements for companies caught by the regime. ...
AI Governance Toolkit for General Counsel and Boards
We believe companies need to start applying guardrails to AI development, use and deployment, but we understand that it can be hard to know where and how to start. That's why we've developed an AI Governance Toolkit for General Counsel and Boards, to help companies manage their AI risk. ...
New guidance for continuation fund transactions
The Institutional Limited Partners Association (ILPA) has released guidance on continuation funds. In this Insight, we discuss the key (and in some respects, novel) takeaways relevant to private equity sponsors and Limited Partner (LP) investments teams. ...