APRA Unveils Template for Service Provider Register

APRA provides a standardized template to help financial institutions map their reliance on critical service providers, aligning with operational risk regulations. This tool facilitates regulatory compliance and enhances transparency regarding supply chain vulnerabilities. Consequently, it advances open data principles by encouraging structured, consistent reporting that improves oversight and systemic resilience in the financial sector.

Source: miragenews.com
Published on 2024-10-17