APRA CPS 220 Risk Management
Review

APRA CPS 220 Risk Management CPS220-P47: Minimum Assessment Required by the Framework Review

The review of the risk management framework must at least assess whether the framework is implemented and effective, whether it remains appropriate given the current business plan, whether it remains consistent with the Board risk appetite, whether it is supported by adequate resources, and whether the risk management strategy accurately documents the key elements of the framework that give effect to the strategy for managing risk.

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