Based in Singapore, Mark is an experienced journalist and editor with over a decade of experience reporting on technology and business trends throughout Asia. Mark got his start as an engineer, graduating from the UK's Queen's University of Belfast with a Master's degree in Electrical and Electronic Engineering. As senior reporter for Regulation Asia, Mark focuses on regulatory changes impacting financial markets, with particular interest in fintech, cybersecurity and crypto markets.
Fintech / Regtech
Australia to Expand CDR Across Financial Services Sectors
04/02/2022
The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.
Capital / Liquidity
BOT Allows Banks, AMCs to Jointly Form Bad Debt Managers
03/02/2022
JV AMCs can provide banks more flexibility to manage bad debts, while also providing relief to borrowers who are unable to service their debt or face a collateral liquidation threat.
Capital / Liquidity
Philippine SEC Reveals Establishment of Five ‘Bad Bank’ Entities
27/01/2022
Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
ESG / Sustainability
Philippine SEC Issues Draft Rules for SRI Funds
25/01/2022
To qualify as an SRI fund, an investment company must have at least 70 percent of its NAV allotted to ESG investments.
Fintech / Regtech
Russian Central Bank Proposes to Impose Crypto Ban
25/01/2022
A proposed ban against investing in cryptocurrencies would also apply to institutional investors and mutual funds, the central bank says.
ESG / Sustainability
BNM to Open New Funding Facilities to Support SMEs
24/01/2022
The Business Recapitalisation Facility will support recovery and growth, while the Low Carbon Transition Facility will support the adoption of sustainable practices.
Enforcement
BSP Calls for Passage of New Financial Consumer Protection Act
24/01/2022
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
Fintech / Regtech
OECD Examines Policy Implications of DeFi in New Report
22/01/2022
An increased use of stablecoins constitutes “one of the greatest points of vulnerability of the DeFi market” and a potential channel of risk transmission to the traditional financial markets.
Capital / Liquidity
New Zealand to Probe Lenders on Application of New Lending Rules
20/01/2022
The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.
Capital / Liquidity
BSP Evaluates Sustainable Finance Incentives for Banks
18/01/2022
The BSP is considering using preferential rediscount rates and providing high value loans to help banks finance green loans and sustainable investments.
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