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Asia Pacific: Mandatory Reference Schemes: Curbing the “Rolling of Bad Apples”

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https://video.bakermckenzie.com/embed?id=d38f4978-0a03-4337-b577-2ae587112737

Regulators around the world are seeking to strengthen governance frameworks to deter and prevent the perpetuation of employee misconduct and to stem the “rolling of bad apples.”

In this webinar recording, Eunice Tan and Grace Fung from our financial services regulatory team, and Zhao Yang Ng and Sonia Wong from our employment and compensation team discuss and analyze regulatory developments proposed by the Monetary Authority of Singapore and the Hong Kong Monetary Authority in meeting these objectives.

They provide an overview of the existing regimes in both Hong Kong and Singapore and what changes the new regime will bring, delve into misconduct reporting across both jurisdictions, and end the session by providing useful practical steps to consider going forward.

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Grace Fung is a partner in Baker McKenzie’s Financial Services group.

Author

Eunice is a principal in the Financial Services Regulatory practice group of Baker McKenzie's Singapore office and a member of the Firm's Global Financial Services Regulatory Steering Committee. Eunice has extensive experience in regulatory, legal and compliance matters in the financial services and fintech sectors. Her clients include banks, investment managers, broker-dealers, payments companies and other financial institutions.
Eunice is consistently recognised as the Next Generation Partner for Financial Services Regulatory in Legal 500 Asia Pacific. Clients have described her as: “an exceptional lawyer with deep knowledge of financial services; "commercial and solutions-oriented and has an excellent relationship with the regulator which is of benefit to her clients"; "singled out for being smart and having the ability to navigate the Singapore regulatory landscape"; "is responsive, pleasant and willing to explore different parameters" and "is outstanding in that she always carefully and clearly explains the situation and background of the issue so that we can fully understand it, she always has a quick response and she has a deep understanding of the financial industry and our company."
Eunice is a frequent speaker at legal and financial industry seminars and forums. She also regularly assists clients in coordinating industry responses and participate in consultation with the Monetary Authority of Singapore on policy and legislative changes.

Author

Ms. Wong is a Special Counsel in the Employment team in Baker McKenzie Hong Kong. She is known for her knowledge of employment and labour related laws. She has advised numerous clients across multiple industries such as consumer goods & retail, information technology, pharmaceutical, insurance, and banking and finance, on various employment issues.

Author

Ng Zhao Yang is a local principal in the Employment Practice Group of Baker McKenzie Wong & Leow in Singapore. He has over 10 years of experience advising regional and multinational clients on employment law and immigration matters in Singapore.
He is recognised as an “Up and Coming” individual by Chambers & Partners Asia-Pacific 2024 in the Singapore Employment: Domestic category. Clients who spoke to Chambers described him as “very responsive,” “well-versed" and "provides technically strong and commercial advice." He is also recognised as a “Next Generation Partner” by The Legal 500 Asia Pacific 2024 in Singapore, in the Labour and employment: Local firms and Foreign firms categories.

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