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Policy and Regulations

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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. https://soundcloud.com/user-879185301-820444966/ep12-singapore-mas-revises-technology-risk-management-guidelines

Upcoming amendments to the Japanese Telecommunications Business Act are intended to bring more foreign companies within the scope of the Act. This will lead to more foreign entities in the telecommunications space having to take measures with the competent Japanese authorities, and have certain new specific obligations imposed upon them, such as the obligation to report serious incidents, and keep user communications secret. Application of the Telecommunications Business Act to foreign corporations On February 28,…

In this episode of Connect On Tech, your host Brian Hengesbaugh is joined by Lothar Determann, a partner in Baker McKenzie’s Palo Alto office. Lothar and Brian discuss the finalization of the California Consumer Privacy Act. You can expect to hear: Lothar’s predictions for timing and substance of the final CCPA regulationsAspects of the draft regulation that may pose issues as standsPotential new privacy legislation to come from California in the future https://open.spotify.com/episode/6DgZ1KgqBwVLrnN3ex105Y Related Resources…

As of February 15th, twelve other states (in addition to California and Nevada) have either released new or revived old data privacy and protection bills that did not pass during last year’s legislative sessions. Through a four part video series, Global Chair of Data Privacy & Security Brian Hengesbaugh breaks down the need-to-know information for B2B businesses, including what companies could be considering now to prepare. Part one serves as an introduction, addressing the importance of the…

In this episode, Brian Hengesbaugh is joined by Flavia Rebello, a partner at Baker McKenzie in São Paulo, Brazil. Together, they discuss the new Brazilian data protection law. In this episode, you will hear: An overview of the new law — what’s covered, key requirements, and when it comes into forceWhat the penalty structure will look like and whether there are private rights of actionFlavia’s tips for how companies can prepare for the new law…