The Singapore Parliament passed the much discussed Cybersecurity Bill (the Bill) on 5 February 2018 and it is anticipated that the new law will come into force soon.[1] The new law creates a regulatory framework for the monitoring and reporting of cybersecurity threats to essential services in Singapore through the appointment of the Commissioner of Cybersecurity. It also creates a licensing regime that will require certain data security service providers in Singapore to be registered.

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ senior management have come under increasing regulatory scrutiny and in some jurisdictions proposals have been put forward to make it easier to make them accountable for their actions. To help you keep up to date with current developments, we have produced a comparative analysis of how senior management responsibility in banks is being treated in

On 10 July 2017, the Singapore Government unveiled its draft Cybersecurity Bill (the Bill) and announced a public consultation to seek views and comments from the industry and members of public. The public consultation runs from 10 July to 3 August 2017. Click here for more.

Global law firm Norton Rose Fulbright today announces partner Stella Cramer has been appointed as member of the SWIFT Institute Advisory Council. SWIFT is the Society for Worldwide Interbank Financial Telecommunications. Its messaging platform, products and services connects more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories.

Appointment In most insolvency cases the government’s Official Assignee or Official Receiver is appointed to administer the insolvency. Usually the IP appointed is similar for different types of appointments.