APRA's Prudential Standard CPS 230 is reshaping how operational risk is managed across the financial services supply chain. Whether you act for an APRA regulated entity or a service provider to a regulated entity, this practical session focuses on what CPS 230 means at the coal face: uplifting operational risk frameworks, negotiating contracts that satisfy APRA's expectations without creating unworkable commercial terms, and embedding resilience thinking into day-to-day decision making.
Thursday, 17 September 2026
9.30am to 10.30am Bracing for Impact: Practical Strategies for CPS 230 Operational Resilience
Examine how CPS 230 reshapes negotiation dynamics around material service arrangements, where the pressure points arise for both sides of the table, and how practitioners can build proportionate, defensible approaches to compliance that go beyond a dusty register.
Key Takeaways:
- Assessing and uplifting operational risk frameworks to meet CPS 230 expectations
- How to negotiate and structure contracts with (and for) APRA-regulated entities in a CPS 230 environment
- Strengthening material service provider arrangements and contractual protections
- Board and senior management accountability – common gaps and what regulators are focusing on
Presented by Timothy Chan, Special Counsel, Norton Rose Fulbright; The Legal 500 Asia Pacific (2022-2025) Recommended Lawyer ‘Rising Star’ for Insurance
Description
Attend and earn 1 CPD unit in Substantive Law
This program is applicable to practitioners from all States & Territories
Chair:
Marcelo de Farias, Senior Legal Counsel – Group Legal, Auto & General Insurance Company
Presenters
Timothy Chan, Special Counsel, Norton Rose FulbrightTim Chan is a corporate risk and insurance lawyer based in Sydney. He works with corporates, banks, insurers and new ventures on risk allocation and insurance issues, including for major infrastructure projects. He regularly advises companies and boards on the adequacy of their insurance cover, insurance provisions in contracts and the development of new insurance products. Tim regularly acts for policyholders and insurers in relation to large scale or complex insurance claims. Tim is a recommended lawyer for insurance in The Legal 500 Asia Pacific (Rising Star) and is an ANZIIF certified insurance professional.
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Marcelo de Farias, Senior Legal Counsel – Group Legal, Auto & General Insurance Company
Marcelo de Farias has more than 25 years of experience as lawyer across two jurisdictions. He holds a degree in Law in Brazil and a Master of Laws from Bond University. Marcelo is senior legal counsel at the Auto & General Group, which provides general insurance products, including the Budget Direct brand. Marcelo has been advising Auto & General on a wide variety of matters since 2019, such as large technology contracts and regulatory compliance. He has previously worked for many years in law firms in Brazil and Australia, including HopgoodGanim Lawyers and Corrs, Chambers & Westgarth. Marcelo has significant experience in advising businesses on Intellectual Property, complex IT projects, procurement, supply agreements and financial services regulatory compliance.
