Eric Chan’s area of legal practice is financial services regulation. His work includes advising and helping financial institutions to understand and comply with Singapore financial regulatory rules and regulations. He acts for financial institutions new to the market in applying for the requisite approvals and authorisations, as well as existing financial institutions in ongoing compliance matters. Presently, Eric’s work covers the full spectrum of financial regulatory issues in Singapore, including banking, insurance, capital markets, payment systems and services, anti-money laundering and sanctions compliance.
Eric’s work stems from his years of varied professional experience. He first started private practice doing commercial litigation. He later joined the Monetary Authority of Singapore (MAS) as in-house counsel, where he provided legal support and advice on various regulatory initiatives. During this time, Eric concurrently taught banking law as an Adjunct Senior Fellow at the National University of Singapore.
In 2003, Eric was seconded from the MAS to the Bank for International Settlements to do research on payment systems law. Later he rejoined MAS as Head of International & Regional Relations and worked on policy development for international central banking issues such as money laundering and sanctions compliance. In 2006, Eric joined American Express Bank as the Regional Director for Compliance & Ethics. From 2008 to 2014, Eric was a director in another leading Singapore law firm where he helped to set up their financial services regulation practice.
Eric is a Member of the Complaints and Disciplinary Panel of the Accounting and Corporate Regulatory Authority and an Associate Mediator, Singapore Mediation Centre.