Gopal Sundaram

GSprofile
PARTNER
Direct Line : +603-2035 6881
Email : gopal@abdullahchan.my

Gopal began his highly distinguished career in Bank Negara Malaysia (BNM) the Central Bank of Malaysia, in 1982, pursuant to graduating from University of Malaya on a BNM scholarship. He was appointed as Assistant Governor in 2006. As Assistant Governor he was responsible for the Legal Department, Finance Department and the IT Services (Computer) Department as well the Money Museum and the Art Gallery. During his tenure, he was a member of various committees chaired by the Governor, inter alia, the Management Committee, the Monetary Policy Committee, the Financial Stability Committee, the Budget Committee, the Risk Management/ Committee and in attendance at the Malaysia International Islamic Financial Centre Executive Committee (MIFC), a multi-agency committee appointed by the Prime Minister.

Upon his retirement in 2011, he was appointed as Project Adviser  to BNM to advise and supervise the drafting of an omnibus legislation for banking, insurance, payments systems and exchange control as well as an omnibus Islamic legislation for Islamic banking, takaful, payment systems and exchange control which have been passed by the Malaysian Parliament in 2012. These legislations, namely the Financial Services Act 2013 and the Islamic Financial Services Act 2013 came into force on 30 June 2013.

Gopal is the only member of the International Monetary Law Committee of the International Law Association (MOCOMILA) from Malaysia. He is also in the Executive Committee of the Malaysian Chapter of ASIL (Asian Society for International Law). Gopal sits on the Board of Directors of Kuwait Finance House (Malaysia) Berhad (where he also chairs the Board Risk Management Committee), the Board of Management of Methodist College Kuala Lumpur, the Council of Education, Methodist Church in Malaysia and is the President of the Judicial Council, Methodist Church in Malaysia.

He is a leading adviser on the new Financial Services Act 2013 and Islamic Financial Services Act 2013.

Practice Areas:

  • Legislative drafting
  • Islamic finance
  • Central banking law
  • Regulatory and Compliance, especially banking and insurance and Islamic banking and takaful

Experience

  • Legislative Drafting of:

               Financial Services Act 2013
               Islamic Financial Services Act 2013
               International Islamic Liquidity Mgmt Corporation Act 2011
               Credit Reporting Agencies Act 2010
               Data Protection Act  2010
               Central Bank of Malaysia Act 2009
               Cooperatives Commission of Malaysia Act 2007
               Malaysia Deposit Insurance Corporation Act 2005
               Payment Systems Act 2003
               Development Financial Institutions Act 2002
               Islamic Financial Services Board Act 2002
               Anti-Money Laundering and Anti-Terrorism Financing Act 2001

  • Resolution of Ailing Financial Institutions including capital reduction and mergers of financial institutions
  • International Technical Assistance in law reform and establishment of central bank legal departments
  • Domestic and International Institution Building
  • Financial Crises Management