Rosabel NG is the Head of the Derivatives & Structured Products Practice and a Partner in the Financial Services Regulatory, FinTech, and Sustainability & Responsible Business Practices. Prior to joining WongPartnership, Rosabel was an Associate Director in a leading Singapore law corporation and had also practised briefly in London in 2001. She was also seconded to the Legal Department (Treasury) of Citibank N.A., Singapore in 1995.
Rosabel's main areas of practice are financial markets and services regulatory and advisory (with specific focus on the regulation of derivatives and structured products, as well as regulatory compliance and advisory matters relating to primary financial market infrastructure providers), derivatives transactions, structured finance and other treasury-related work.
Her regulatory experience involves advising and assisting major international players who are primary financial market infrastructures on the Singapore regulatory framework for the regulation of financial markets, including securities, commodities, derivatives markets and exchanges, clearing and settlement houses, as well as advising key market intermediaries on the regulatory regime for foreign exchange, securities, commodities and derivative products (including trade reporting, clearing, margining and collateral management). More recently, she has advised on the regulatory regime for markets and intermediaries for carbon-related products and services.
In the FinTech regulatory space, especially where innovative derivatives-based platforms are involved, Rosabel has been proactive and led the Firm's FinTech regulatory initiatives by engaging with regulators and FinTech providers to discuss practical regulatory bridges to address emerging technological and business trends which do not fit squarely in the existing financial markets regulatory framework. She has assisted and advised FinTech providers seeking to provide innovative liquidity platforms and solutions on Singapore's regulatory regime and initiatives, and their applications for regulatory approval.
In the structured products space, she has worked with the issuers, sponsors, arrangers and investors of various listed and unlisted structured notes and products including retail products. She has also advised corporate and individual investors on relevant legal, regulatory and risk-related issues pertaining to derivatives and synthetic investment products.
As regards her structured finance experience, Rosabel has been involved in rated and unrated asset-backed securitisations, and also private structured financing arrangements involving derivatives.
Rosabel is a member of the International Swaps and Derivatives Association's (ISDA) Legal & Regulatory Committee and is an ISDA documentation specialist. She has on numerous occasions prepared, reviewed and negotiated derivatives documentation, including term sheets, risk disclosure statements, be-spoke derivative trading agreements and standard master agreements (such as the ISDA Master Agreement), credit support and collateral arrangements, and other similar agreements.
Rosabel graduated from the National University of Singapore and attended King's College, University of London where she obtained a Master of Laws degree. She is admitted to the Singapore Bar and to the Roll of Solicitors of England & Wales. Rosabel speaks English, Mandarin and French, and is conversant in basic Japanese.
Significant transactions that Rosabel has been involved in include advising / acting for the following:
- The arranger and hedge provider in the first Singapore retail offer of structured notes by a corporate issuer, Keppel Structured Notes Pte. Ltd., in 2006, and acting for Société Générale in the first Singapore retail offer of structured notes by a financial institution in 2012 under the revised regulatory regime after the 2008-2009 global financial crisis.
- A syndicate of lenders and hedging banks, in the preparation, review and negotiation of the terms of their derivatives hedging documentation and security package in connection with the refinancing of a $2.1 billion loan facility extended to one of the largest power generation companies in Singapore.
- A licensed bank on all legal, regulatory and documentary issues relating to the sale and transfer of its OTC derivatives business portfolio to a prospective buyer.
- A consortium comprising local and overseas corporations in respect of their application to the Monetary Authority of Singapore for a digital wholesale bank licence to be issued by the Authority.
- A UK-based FinTech service provider seeking to provide innovative technological liquidity platforms and solutions to facilitate foreign exchange and foreign exchange derivative trades in emerging market currencies in its successful application for regulatory approval under Singapore's initial FinTech initiatives.
- Europe's largest operator of securities and derivatives exchanges and clearing houses in the establishment of its Asian clearing and trading venues in Singapore, and on the regulatory aspects of its proposed merger with another major international financial market infrastructure provider, including merger control approvals, exemptions and clearances.
- Various participants in Singapore's climate impact ecosystem on the legal and regulatory considerations for establishing a hub for carbon-related products and services.
Related Practices
- Derivatives & Structured Products
- Financial Services Regulatory
- FinTech
- Sustainability & Responsible Business
- Law Gazette – Going "Green" the Singapore way 2011
- Getting The Deal Through – Banking Regulation, Singapore Chapter 2016
- Butterworths Journal of International Banking & Financial Law – Inside and outside Singapore’s proposed FinTech regulatory sandbox: balancing supervision and innovation 2016
- Chambers Asia-Pacific – Singapore Country Overview 2017
Asia Business Law Journal’s A-list
- Recognised as one of the Top 100 Lawyers in Singapore
asialaw – The definitive guide to Asia's Leading Law Firms and Lawyers
- Regulatory – Singapore: Distinguished Practitioner
- asialaw awards – Singapore: Lawyer of the Year
Lexology Client Choice Award
- Recognised in Derivatives – Singapore
Chambers Asia-Pacific – Asia-Pacific's Leading Lawyers for Business
- Capital Markets: Securitisation & Derivatives – Singapore: Band 1
"Demonstrates that she is an exceptional lawyer in every way possible, through her sharpness of mind and years of understanding clients' requirements, and being ahead of the curve in connection with Singapore's regulatory environment."
"Excellent, go-to lawyer."
"A leader in the industry."
"Very strong in client servicing. Her clients feel assured by her calm demeanour and deep expertise. She has a high level of commercial awareness and delivers value to her clients."
The Legal 500: Asia Pacific – The Client’s Guide to the Asia Pacific Legal Profession
- Capital Markets: Structured Finance, Derivatives and Securitisation – Singapore: Leading Partner
- Fintech and Financial Services Regulatory – Singapore: Leading Partner
"Rosabel Ng is client-oriented and has an excellent sense of the business needs."
"Has a strong background in both regulatory and transactional matters"
"One of the stars of the firm"
"Rosabel Ng stands out as an expert in her field."
"One of the best we have encountered in this region. They give timely, pragmatic and clear advice."
Lexology Index
- National Leader in Capital Markets
IFLR1000: Financial & Corporate – The Guide to the World's Leading Financial Law Firms
- Capital Markets: Structured Finance and Securitisation – Singapore: Highly Regarded
- Capital Markets: Derivatives – Singapore: Highly Regarded
- Financial Services Regulatory – Singapore: Highly Regarded