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.
Capital / Liquidity
RBI Extends Deadline for New NBFC Asset Classification Norms
22/02/2022
The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
ESG / Sustainability
BSP Calls on Banks to Adhere to Sustainable Finance Roadmap
22/02/2022
Lending to activities that are considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.
Fintech / Regtech
DBS to Offer Retail Crypto Trading by Year End
15/02/2022
DBS plans to make access to its institutional trading desk for digital assets more convenient and to launch retail services by year-end.
Fintech / Regtech
RBNZ to Commence Design Work on CBDC Proof of Concept
10/02/2022
Governor Adrian Orr said falling behind other central banks is “not an option” and the RBNZ will soon begin POC design and testing for a CBDC.
Crypto / Digital Assets
Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency
08/02/2022
ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.
Fintech / Regtech
BOT Sets Out Plans for ‘New Financial Landscape’
07/02/2022
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
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.
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