CPS 220
Risk Management
Board-approved Risk Management Framework + annual board attestation for ADIs, insurers + RSE licensees.
In plain English
This guidance outlines how ADIs, insurers, and RSE licensees must manage financial risks.
APRA’s CPS 220 applies to ADIs, insurers, and RSE licensees. It requires a board-approved risk management framework. There must also be annual board attestation. This guidance was finalised in December 2023. It helps ensure financial stability and consumer protection.
Why it matters
Strong risk management protects your business from financial shocks. It builds confidence with customers and regulators. Good governance is essential for long-term success.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
APRA →Topics
Source: https://www.apra.gov.au/sites/default/files/CPS_220_FINAL.pdf. Rules Mate indexes + summarises; always verify against the regulator's live publication.