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
Real estate has a lifecycle from site identification, through planning, development funding and construction, to occupation, use and eventual sale.
We asked people across the European real-estate industry a series of questions about trends in sustainability, green certification and documentation.
Analysis from The Lawyer
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies