Google Cloud’s Response to APRA Prudential Standard

January 10, 2018

Financial institutions in Australia are increasingly moving to the cloud as a way to effectively manage their digital operations, access new technology, improve security, and achieve cost efficiencies. In order to ensure a high level of information security and management, the Australian Prudential Regulatory Authority (APRA) has released several standards and guidelines that pertain to banks, credit unions, and other financial services institutions (FSIs). The APRA Prudential Standard CPS 231 Outsourcing is one such standard. This white paper provides general information to financial institutions looking to use Google Cloud services. The discussion is limited to the APRA Prudential Standard CPS 231 Outsourcing, and does not consider any other laws that may be applicable.

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