Financial Services Law & Regulation

This book brings together leading academics and practitioners in Singapore in the area of financial regulation, where there may have been a lacuna in Singapore treatises compared to the many excellent texts on the contractual aspects of banking and insurance. While topics might still be discretely analysed in terms of banking, insurance, securities and derivatives, and financial advisory, common threads exist between them, and these are explored throughout the book.

The first two parts of the book focus on prudential regulation as it pertains to banks and insurance companies. As these entities conduct their business in areas that extend into the securities markets, the book also looks at both the financial and market conduct of entities and intermediaries that offer securities and derivatives, as well as the exchanges that trade, clear, and report these instruments.

The final part of the book covers both institutions and issues that are of present-day interest, including alternative investment structures, Fintech, and the harmonisation of rules in the financial sector in Asia. We hope that this book will assist compliance officers in financial institutions and in-house and corporate/regulatory lawyers in navigating the meandering and often-changing waters of financial regulation.

Chapter 1: Development and Regulation of Financial Services in Singapore: A Brief History
Kevin Y L Tan
Chapter 2: Prudential Regulation of Banks
Christian Hofmann
Chapter 3: Corporate Governance of Banks
Iris H-Y Chiu
Chapter 4: Banking Secrecy
Dora Neo
Chapter 5: Deposit Insurance
Sandra Booysen
Chapter 6: Payment Systems
Paul Yuen
Chapter 7: Regulation of Insurance Business
Yeo Hwee Ying
Chapter 8: Capital Requirements for Insurers: Risk-based Capital, Enterprise Risk Management and Investment
Yong Qiang Han
Chapter 9: Bond Finance
Hans Tjio
Chapter 10: Over-the-counter Derivatives Regulation
Loh Kai Loon
Chapter 11: Securitisation
Lan Luh Luh
Chapter 12: Market Misconduct
Lee Pey Woan & Pearlie Koh
Chapter 13: Conduct of Business Regulation of Financial Advisers
Low Kee Yang
Chapter 14: Private Equity
Lin Lin
Chapter 15: Hedge Funds: Regulation and Structuring
Alexander Loke & Amit Dhume
Chapter 16: Fintech Developments
Dharmendra Yadav & Stella Cramer
Chapter 17: Anti-money Laundering and Countering Financing of Terrorism
Eric Chan
Chapter 18: Liberalisation of Financial Services in ASEAN: Current Developments
Michelle Dy