Myanmar mobile banking and payment: where to start?

Myanmar is currently largely a cash economy.  In this post we consider the types of mobile banking and payments solutions we predict will first gain traction in the Myanmar market: remittance services and banking the unbanked. Outside Myanmar, the way people bank and pay has been revolutionised: from the introduction of credit cards, telephone banking and … Read more

UK proposes surprise changes to the Electronic Communications Code

In a surprise move, on 13 January the UK government announced plans to update the elderly (and, even to the House of Lords, rather incomprehensible) Electronic Communications Code which deals with the rights of telecoms operators to access public and private land. Whilst the proposed changes in large part adopt the recommendations of the Law Commission’s report … Read more

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

Responsible investment in Myanmar

Myanmar is a country with tremendous opportunities, but also tremendous risks. I was fortunate enough to host and chair a seminar in Singapore yesterday on responsible investment into Myanmar. Introduction by Rt. Hon Hugo Swire MP The seminar started with an introduction and overview by the Rt. Hon Hugo Swire MP, Minister of State, Foreign and Commonwealth Office. Hugo … Read more

ECJ finds Data Retention Directive invalid. What next?

On 8 April 2014 the European Court of Justice ruled that the Data Retention Directive 2006/24/EC interferes in a particularly serious manner with the fundamental rights to respect for private life and to the protection of personal data. The Directive is declared invalid. Today’s post by Sylvie Rousseau and Matthias Vierstraete explains what the court decided and … Read more