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.
AML / KYC
Japan, US Impose More Sanctions Over DPRK Missile Tests
05/04/2022
Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.
Market Infrastructure
Japan, EU Enhance Framework on Regulatory Cooperation
02/04/2022
The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.
Crypto / Digital Assets
CFTC Consults on Crypto Derivatives Model Proposed by FTX
19/03/2022
Under the proposed model, customers would have to post margin to open a position, and the margin level will be recalculated every 30 seconds as positions are marked to market.
AML / KYC
US Omnibus Bill Grants FinCEN 27pc Budget Increase
18/03/2022
The additional budget is to allow FinCEN to respond to the situation in Ukraine, including expenses foreign government personnel to attend meetings and training.
Securities / Derivatives
China to Concede to US Regulators on Audit Supervision Issue
17/03/2022
Chinese regulators plan to allow some companies to provide some audit information to the PCAOB, and provide additional clarity on what information can and cannot be disclosed overseas.
Fintech / Regtech
S. Korea Elects Pro-Crypto President, Yoon Suk-yeol
16/03/2022
President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.
Fintech / Regtech
Dubai Establishes New Law, Regulator for Crypto Assets
16/03/2022
The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.
AFCA Proposes New User-Pays Funding Model
15/03/2022
Under the new model, about 20% of AFCA members would experience a decrease in fees, while 70% would see no impact.
Capital / Liquidity
New Zealand to Revise Responsible Lending Rules
15/03/2022
The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.
Fintech / Regtech
BSP Revises Regulatory Framework for E-money Issuers
15/03/2022
E-money can refer to monetary value “electronically stored in an instrument or device” – including cash cards, prepaid cards, stored value cards or digital wallets.
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