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Moving beyond ‘on paper’ diversity to
achieving true connectivity resilience

Maintaining critical operations and mitigating operational risk is a mandate across the BFSI sector.

Beneath the contractual obligations with material service providers is a harder question regarding operational resilience: can your network maintain critical operations during severe-but-plausible disruptions?

APRA’s CPS 230 Operational Risk Management Prudential Standard does not legally bind entities that aren’t APRA-regulated; yet its comprehensive framework for assessing operational resilience and maintaining critical operations is often treated as a reference point.

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What’s inside:

  • Notable guidance for fully assessing material service provider arrangements
  • Considerations on avoiding hidden concentration risk, as well as third- and fourth-party risk
  • A pathway to achieving true independent connectivity with verifiable diversity

Who should read this:

  • The Australian BFSI ecosystem — while CPS 230 is an APRA-specific standard, the underlying principle that network architecture has hidden resiliency challenges is relevant across all Australian BFSIs