Financial Regulation Updates: Singapore Adapts to Global Compliance Pressure
Singapore’s financial sector is facing an unprecedented challenge as it navigates the complexities of global regulatory and compliance requirements. The country’s increasing macroeconomic cohesion has led to a surge in regulatory and compliance costs, leaving multinational companies and financial institutions scrambling to stay ahead of the curve.
Established Expertise in Financial Regulation
Singapore’s Financial Regulatory & Compliance Practice is one of the most established and respected in the region, boasting decades of experience and broad capabilities. The team comprises both advisory and disputes specialists who have worked with an extensive array of international and local institutions, funds, listed corporates, and blue-chip companies.
Advisory Services
The advisory team is highly experienced in:
- Licensing and conduct of business requirements
- Financial regulatory aspects of mergers, acquisitions, and reorganisations in financial services
- Outsourcing arrangements
- Securities law
- Structuring and distribution of new and innovative products for both wholesale and retail markets
They also prepare and review financial institutions’ customer and transaction documentation and provide advice on derivatives and other financial transactions.
Dispute Resolution Services
The team’s disputes specialists act in a broad range of contentious regulatory and compliance matters, providing full-service advice on:
- Financial regulatory-related raids and investigations
- Enforcement actions by authorities
- Anti-money laundering legislation
- Regulatory sanctions
- Banking secrecy
They also frequently advise on market misconduct such as:
- Market-rigging
- Insider trading
- Fraud
- Cross-border issues and regulators from other markets and jurisdictions.
Consultation and Feedback
As a market-leading practice in this area, the team is regularly consulted by and provides feedback to regulators on behalf of clients on proposed changes or developments. They pride themselves on their active and constructive role in the consultation process for new legislation or regulatory frameworks, shaping the future of Singapore’s financial sector.
By providing expert guidance and support, the Financial Regulatory & Compliance Practice helps multinational companies and financial institutions navigate the complexities of global regulatory and compliance requirements, ensuring they remain compliant with changing regulations while minimizing costs and risks.