Are Singapore’s Monetary Authority’s proposed outsourcing rules clear enough?

The Monetary Authority of Singapore  (“MAS“) is consulting on a new notice and guidelines on outsourcing. Having already commented on its positive message for cloud services, this post addresses the rest of the consultation. In summary, we think: MAS’s proposals are generally positive and helpful. However, in some areas more clarity could be provided. Background MAS first issued its ‘Guidelines on Outsourcing’ in 2004 … Read more

MAS Embraces Cloud: A Silver Lining

There should be relief at the moment felt by financial institutions and cloud service providers alike, following the release of the MAS’s consultation on the proposed new outsourcing notice and updated guidelines as mentioned in Rob’s previous post. The MAS doesn’t use the word “cloud” expressly in its consultation.  However, the MAS has made important changes … Read more

Singapore launches new cloud security standard

Singapore’s Infocomm Development Authority (IDA) has launched a new cloud security standard: Multi-Tier Cloud Security (MTCS) Standard For Singapore (SS 584). The IDA explains that the objective of the standard is: “to provide businesses with greater clarity on the levels of security offered by different cloud service providers (CSPs).” Objectives The IDA’s fact sheet explains that: [Customer … Read more

How much space do you need for structural separation?

I was intrigued to read today’s joint response (from Starhub, M1, MyRepublic, ViewQwest, SuperInternet, Nucleus Connect and the Asia Pacific Carriers’ Coalition) to the Singapore telecoms regulator’s (IDA) public consultation on whether to allow additional ownership consolidation in its national fibre-optic network market. With the benefit of hindsight, I was pondering how an apparently elegant solution to a regulatory challenge has ended … Read more

Singapore adopts 10 year master plan to become IP Hub for Asia

On 1 April the government of Singapore adopted a ‘Intellectual Property (IP) Hub Master Plan: Developing Singapore as a Global IP Hub in Asia’. Despite the date, this is emphatically no joke.  The plan helpfully summarises its key aspects in the following diagram:      The initiatives adopted are: OUTCOME / ENABLER KEY STRATEGY INITIATIVE Outcome 1:A hub for … Read more

Why bring your own device (BYOD) is not just an IT issue

I was fortunate this week to be both a speaker and a panellist at Questex Asia’s ‘BYOD and Mobile Security conference held in Singapore. It turned out I was the only lawyer in a room of 200 plus IT people, which was an interesting experience. Having made my presentation (Olswang_Asia_BYOD_presentation) my conversations with delegates brought home … Read more