APRA releases prudential practice guide on managing data risk
By Alec Christie and Rose Bollard
The Australian Prudential Regulation Authority (APRA) has issued the final version of its new prudential practice guide, Prudential Practice Guide CPG 235 — Managing Data Risk. The data guide aims to assist financial institutions, general and life insurance companies and superannuation funds regulated by APRA to manage their data risks. This final version of the data guide has few changes from the draft released in December 2012.
The data guide complements APRA’s earlier IT security guide, Prudential Practice Guide CPG 234 — Management of Security Risk in Information and Information Technology.
The data guide focuses on common ‘weak areas’ of data risk management identified by APRA through its ongoing supervisory activities of entities. This targeted approach means the data guide is relevant to all entities — whether by providing alerts to new risks or guidance to improve current practices. It also signals that APRA’s current focus and efforts will be directed to the monitoring and enforcement of compliance by entities with the data guide…
If you are registered and logged in to the site, click on the link below to read the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
DLA Piper’s May/June 2014 edition of its Tax Newsletter provides a review of People’s Republic of China and Hong Kong tax developments.
Health Alert — Ladhams v Medical Board of Australia; Chaudhry v Medical Board of Australia; and more
DLA Piper has released the 21 July 2014 issue of its Health Alert, which focuses on judgments, legislation and reports in the health sector.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions