APRA CPS 220 Risk Management
Group

APRA CPS 220 Risk Management CPS220-P12: Identification of Group Derived Framework Elements

Where the institution is part of a group and any element of its risk management framework is controlled or influenced by another group entity, the framework must specifically take account of risks arising from the group framework and must clearly identify whether it is wholly or partly derived from group frameworks, policies, procedures or functions, the linkages and significant differences between the institution and group frameworks, how those linkages and differences change the institution risk profile, and the process for monitoring by or reporting to the group on risk management including key procedures, reporting frequency and the approach to reviews.

What else in your programme already covers this

This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

  • NIST-CSF-GV.SC-02 Cybersecurity roles and responsibilities for suppliers, customers, and partners are established, communicated, and coordinated internally and externally

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

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