APRA CPS 230 Operational Risk Management
Management of service provider arrangements (paras 46 to 61) – APRA CPS 230 Operational Risk Management

APRA CPS 230 Operational Risk Management 49: Para 49 Minimum material service provider classifications unless justified

Unless it can justify otherwise, the entity must at least treat providers of these services as material: for an ADI, mortgage brokerage, credit assessment, and funding and liquidity management; for an insurer, insurance brokerage, reinsurance, underwriting and claims management; for an RSE licensee, custodial services, fund administration, investment management, and arrangements with financial planners and promoters; and for all entities, internal audit, risk management and core technology services.

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Other controls in Management of service provider arrangements (paras 46 to 61) – APRA CPS 230 Operational Risk Management

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APRA CPS 230 Operational Risk Management 49 is one control. If you already hold one of the frameworks below, a reviewed crosswalk already says how much of APRA CPS 230 Operational Risk Management your existing evidence covers. Hold NIST Cybersecurity Framework 2.0 and 30 of 87 APRA CPS 230 Operational Risk Management controls already carry evidence.

Each report names every control your existing framework evidences, every one it does not, the reasoning behind each claim, and the claims that were argued against and rejected. 4 were rejected on the NIST Cybersecurity Framework 2.0 pair alone.

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