
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.

Liquidity Risk
US Regulator to Propose New Short-term Liquidity Rules for Banks
19/01/2024
OCC to introduce new short-term liquidity rules for larger and midsize banks and promote the use of the Fed’s discount window.

Anti-Money Laundering
Former VP of US Bank Pleads Guilty to AML Violations
18/01/2024
Peter McVey helped high-risk customers evade the bank’s AML controls, violating the Bank Secrecy Act.

Market Abuse
Korea FSS Says Naked Short Selling Has ‘Significant Impact’
18/01/2024
Illegal short selling has a “significant impact” on certain stocks, the FSS said in response to concerns that its short-selling ban may not have been justified.

Payments & Settlements
Malaysia Issues Exposure Draft on Currency Processing Business
18/01/2024
The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

Structural Regulation
US House Passes Three Finance Bills to Support Taiwan
16/01/2024
The bills aim to boost Taiwan’s role in the IMF, exclude China from key banking organisations, and push for more […]

Clearing & Post-Trade
Australia Treasury Seeks Feedback on Clearing and Settlement Services Rules
16/01/2024
The draft regulations will specify the classes of clearing and settlement services that are subject to ASIC’s rules and the CCA’s arbitration regime.

Conduct, Culture & Accountability
Former Wyelands Bank CEO Fined, Banned by UK PRA
16/01/2024
Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.

Capital Adequacy
EBA Deems BNP Paribas Capital Instruments Ineligible
15/01/2024
Perpetual bonds, also known as “discos”, have a complex structure that could hamper the resolution of the bank in a crisis, the EBA said.

Cybersecurity
China Orders Banks, Insurers to Tighten Cyber, Data Security
15/01/2024
Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

Anti-Money Laundering
Crypto Firms Lead Surge in AML Fines: Report
15/01/2024
Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.
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