
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.

Anti-Bribery & Corruption
China: Former CISF Official Sentenced to 13 Years for Bribery
06/12/2024
A former China Insurance Security Fund official has been sentenced to 13 years in prison for bribery and abuse of power.

Clearing & Post-Trade
EACH Calls for Global Consistency in CCP Regulation
05/12/2024
The European Association of CCP Clearing Houses released a manifesto offering recommendations to enhance capital market efficiency and resilience.

Cryptocurrency
DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary
04/12/2024
DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

Fraud, Scams & Cybercrime
South Korea Cracks Down on Illegal Spam Messages
03/12/2024
The new measures include enhanced filtering services and the application of KISA’s blacklist system to prevent the mass transmission of illegal messages.

Structural Regulation
Deadline Looms for Hong Kong-Listed Firms to Get Women on Board
02/12/2024
With an end-December deadline looming, 250 Hong Kong-listed companies are under pressure to appoint at least one woman to their boards.

Credit Risk
Bangladesh Bank Issues New Rules on Loan Classification, Provisioning
29/11/2024
The new guidelines introduce an ECL methodology-based provisioning system in line with IFRS 9, to be fully implemented by 2027.

Market Abuse
UK FCA Fines Macquarie Unit £13m for Control Failures
28/11/2024
The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.

Anti-Money Laundering
Taiwan FSC Fines Two Crypto Exchanges for AML Violations
28/11/2024
FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.

Supervision & Enforcement
UK FCA Fines Barclays £40m Over 2008 Disclosure Failures
26/11/2024
The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.

Supervision & Enforcement
FSC Korea Implements Plan to Reduce Foreign Exchange Violations
26/11/2024
The FSC has launched a plan to reduce foreign exchange violations to minimise penalties for financial consumers.
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