Band 1
Provided by Elaine Chan
Elaine Chan is the Co-Head of the Financial Services Regulatory Practice.
She has extensive regulatory experience advising a broad spectrum of financial institutions on the structuring of their operations in Singapore for alignment with financial regulations. She regularly assists with licensing applications and the drafting of documentation to operationalise business models in compliance with financial regulations. Such documentation includes customer terms and conditions, account opening documentation, service level agreements for outsourced functions, compliance manuals and compliance matrices.
Her clients include banks, private banks, central banks, fund managers (including private equity), custodians, financial advisers, insurers, commodity traders, brokers/dealers and primary financial market infrastructures such as exchanges and clearing houses.
On the transactional side, she advises financial institutions on the regulatory implications arising from internal restructuring or mergers and acquisitions. She also assists to make the necessary applications for the relevant regulatory approvals for such transactions.
With the onset of the FinTech evolution, Elaine has advised on a variety of FinTech service offerings. Her clients include payment services providers intending to roll out innovative payment solutions involving e-money and/or cryptocurrency.
As regulatory regimes are constantly changing, Elaine also assists her clients to navigate changes in the regulatory landscape and to provide feedback to the regulators to promote practical and effective regulation. She regularly participates in the provision of training and round-tables on regulations and regulatory development.
- Regulation of Banks and other Financial Institutions – 2011 reissue of Volume 12 – Halsbury’s Laws of Singapore on "Finance and Banking"
- The Banking Regulation Review - Third Edition - Singapore Chapter
- Global Legal Insights - Banking Regulation – First Edition, 2013 - Singapore Chapter
- Getting the Deal Through - Banking Regulation 2016, 2020 and 2021 - Singapore Chapter
- Butterworths Journal of International Banking & Financial Law – The Coronavirus (COVID-19) Pandemic: Testing the adequacy of a financial institution’s pandemic measures 2020 and Digital Disruption in Singapore: The new digital bank licensing framework 2019
- Singapore Country Guide, Thomson Reuters - Securities & Banking 2019, 2020 and 2021
Provided by Chambers
Provided by Chambers
Elaine is prompt and proactive in providing the advice needed to navigate through various regulatory matters pertaining to the transaction.
She gets things done. Period.
Elaine demonstrates a very thorough understanding of multiple aspects of the matter, as well as current practices, trends and players in the space.
Elaine is prompt and proactive in providing the advice needed to navigate through various regulatory matters pertaining to the transaction.
She gets things done. Period.
Elaine demonstrates a very thorough understanding of multiple aspects of the matter, as well as current practices, trends and players in the space.
1 item provided by WongPartnership LLP
SINGAPORE: An Introduction to Banking & Finance: Regulatory
WongPartnership discusses how Monetary Authority of Singapore (MAS) updates regulations for Single Family Offices (SFOs), fintech, and digital payment tokens. MAS's focus on anti-money laundering, sustainability, and AI risk management, aiming to enhance financial sector integrity and innovation.
SINGAPORE: An Introduction to Banking & Finance: Regulatory
WongPartnership discusses how Monetary Authority of Singapore (MAS) updates regulations for Single Family Offices (SFOs), fintech, and digital payment tokens. MAS's focus on anti-money laundering, sustainability, and AI risk management, aiming to enhance financial sector integrity and innovation.
