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.
The National Bank of Ukraine has updated its foreign exchange regulations and eased certain restrictions concerning transactions with Eurobonds issued by Ukrainian companies in foreign markets.
Episode 11: Fintech – Trends, Investments, and M&A In this episode, We share observations on recent innovations and take a closer look at various strategies behind the increase in investment and M&A activity. Fintech players, once seen as market disruptors, are becoming essential and critical in the future of financial institutions.
The 2021 edition of Duties and Liabilities of Directors of Australian Companies from Baker McKenzie is a timely guide for directors of Australian companies, setting out pivotal issues for directors to consider in the current evolving corporate governance environment.
Doing Business in Uzbekistan has been prepared as a general guide for companies operating or considering investment in Uzbekistan. The guide is intended to present an overview of the key aspects of the Uzbek legal system and the regulation of business activities in this country.
This handbook Conducting Business in Ukraine 2021 has been prepared by the attorneys of Baker McKenzie’s Kyiv office as a general guide for companies operating or considering investing in Ukraine. It is intended to present an overview of the key aspects of the Ukrainian legal system and the regulation of business activities in the country
Bitcoin broke into the consciousness of the general public in 2017. In March of that year, the price surpassed its then-all-time-high of USD 1,342. By December 17, 2017, the price was USD 19,783, up 1,824% from January 1, 2017. About a year later, on December 7, 2018, the price had dropped to below USD 3,300, a 76% drop from the prior December.
On February 10, 2021, the German government passed a draft law amending the German Money Laundering Act (Transparency Register and Financial Information Act Money Laundering – E-TraFinG Gw), which would result in some significant changes to the German Money Laundering Act. The article discusses the changes under the E-TraFinG Gw, its impact on companies in Germany and a recommended course of action.
Dubai senior associate Andrew Massey discusses the scenarios where the Dubai International Financial Centre (DIFC) Courts take jurisdiction over claims. Andrew also talks about how the DIFC Courts have adopted an expansive approach to jurisdiction over disputes and how it has introduced the necessary and proper party jurisdiction into DIFC law to help resolve multiparty and multijurisdictional disputes.
As is well known, LIBOR will cease to be published on 31 December 2021 (for all currencies and tenors other than the most commonly used USD settings) and 30 June 2023 (for those remaining USD settings). Financial institutions must also work towards earlier LIBOR transition deadlines set for them by…