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Episode 12: Singapore – MAS Revises Technology Risk Management Guidelines The Monetary Authority of Singapore (MAS) recently revised its Technology Risk Management Guidelines 2021 after feedback from a 2019 public consultation and engaging with cyber security experts. In this episode, Stephanie Magnus, Ken Chia, and Ying Yi Liew take a closer look at compliance, regulator expectations, cyber threats, and other important considerations — taking into account that financial institutions encompass large multinational banks, insurance companies and small fintech startups.

Baker McKenzie and the Financial Times co-created a podcast series, the FT Big Deal, to examine the trends behind complex cross-border transactions. In this four-part podcast series, Baker McKenzie lawyers are joined by industry thought leaders to discuss the key developments and issues shaping the future of global transactions. Subscribe: Apple | Spotify | Google Episode 4: ESG…

The Indonesian Financial Services Authority (OJK) has issued OJK Regulation No. 44 of 2020 on Risk Management for Non-Bank Financial Institutions. Non-bank financial institutions under this regulation include insurance companies, pension funds and financing companies. This regulation replaces OJK Regulation No. 1 of 2015 on the same subject matter. This regulation has already come into effect.

In this publication, we focus on the impact of the regulation on insurance companies and insurance intermediary companies. For the purpose of this publication, ‘insurance companies’ also refers to insurance intermediary companies.