
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
HKMA Addresses Rumours that Banks are Calling in Loans
21/12/2023
Rumours have emerged that banks are demanding early repayments from borrowers whose collateral values have fallen. The HKMA says this is not the case.

Enforcement
Japan FTC Probes Insurers for Alleged Cartel Conduct
21/12/2023
Japan’s FTC raided 22 locations of four major insurers and two insurance agencies over their alleged collusion on premium-setting.

Enforcement
INTERPOL: $300m in Assets Seized in Latest HAECHI Operation
20/12/2023
The latest HAECHI operation resulted in nearly 3,500 arrests and the blocking of over 82,000 bank accounts linked to cyber-enabled scams.

Fintech / Regtech
FSS Korea Targets Third-Party Risk Management With New Guidance
20/12/2023
The FSS has issued guidance to improve third-party risk management at firms that provide financial services electronically.

Market Infrastructure
SFC Reminds Market of Coming Changes to Position Limit Regime
20/12/2023
The SFC has published an FAQ and updated its guidance note to help market participants understand the amendments, which come into force on Friday.

Securities / Derivatives
Korea Unveils Details on New English Disclosure Requirements
20/12/2023
South Korea’s FSC unveiled details on its phased approach to mandatory English disclosures for listed companies in Korea.

Enforcement
SFC Fines Brokerage for Breaching Financial Resources Rules
19/12/2023
Central Wealth Securities Investment made various accounting and calculation errors in its financial returns and had a liquid capital deficit for eight months.

AML / KYC
Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors
19/12/2023
The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.

Securities / Derivatives
JPX Prepares for New NISA Launch in 2024
19/12/2023
JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Crypto / Digital Assets
BOK Partners with LG Unit to Develop CBDC System
19/12/2023
The platform will enable authorities to jointly test the feasibility of a CBDC, which BOK governor Rhee Chang-yong says is ‘essential’ to the future of finance.
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