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.
Securities / Derivatives
ASIC Consults on How it Communicates Audit Review Findings
15/12/2021
ASIC proposes to start communicating with company directors more routinely regarding findings from its audit inspections.
ESG / Sustainability
Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance
14/12/2021
Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.
Crypto / Digital Assets
Thai SEC Consults on Rules Restricting Use of DeFi Platforms
12/12/2021
The proposed rules would bar digital asset fund managers from investing customer assets on DeFi platforms and digital asset advisers from recommending them to investors.
AML / KYC
US Treasury Targets Human Trafficking in Updated Action Plan
12/12/2021
Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.
Securities / Derivatives
Thailand Set to Launch ID Checking System for Foreign Bond Investors
08/12/2021
Beginning 4 January 2022, all non-resident investors trading debt securities must register with the BOT and settle trades through segregated securities accounts.
Fintech / Regtech
BSP Urges Rural Banks to Promote Financial Inclusion Through Tech
07/12/2021
As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.
Securities / Derivatives
CBIRC Authorises Insurers to Engage in Securities Lending
07/12/2021
The move will improve China’s short-selling mechanism, which will decrease market volatility, improve price discovery, reduce market risk, and create additional income for insurers.
Big Picture
RBNZ Responds to XRB and MfE Climate Consultations
07/12/2021
The RBNZ offers suggestions on the new disclosure standards being developed by the XRB, and proposes policy options to increase the flow of private capital into low-emissions investment.
Fintech / Regtech
Philippine SEC Seeks Funding Boost to Support Digital Transformation
06/12/2021
The SEC is seeking PHP 2.6 billion over a five year period to implement sweeping digital transformation initiatives, including to upgrade existing systems.
Fintech / Regtech
OJK Launches Five Year Roadmap for Rural Bank Development
06/12/2021
Indonesia’s OJK has launched a five year development roadmap for the country’s rural banks and Sharia rural banks.
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