
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.

Enforcement
FSS Korea Identifies “Serious Misconduct” by PE Fund Managers
03/08/2023
The FSS said it will impose disciplinary procedures “promptly and strictly” against managers and executives who commit illegal acts.

AML / KYC
SBV Issues Circular on Money Laundering Prevention and Control
01/08/2023
The circular specifies the obligations of reporting entities, including obligations to report high-value and suspicious transactions.

China Appoints Pan Gongsheng as New PBOC Governor
28/07/2023
China has appointed Pan Gongsheng as the new central bank governor, ahead of a high-level meeting on financial policies and regulations.

ESG / Sustainability
RBI to Issue Guidance on Climate-related Credit Risks for Banks
26/07/2023
The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

Crypto / Digital Assets
South Korea Unification Minister Faces Scrutiny Over Crypto Trading
26/07/2023
Opposition party lawmakers claim minister Kwon Young-se may have had a conflict of interest that influenced his trading in virtual assets.

Capital / Liquidity
FDIC Directs Banks to Fix Incorrectly Reported Uninsured Deposits
26/07/2023
The FDIC said some banks are understating uninsured deposits by excluding those backed by collateral, which is “incorrect”.

Crypto / Digital Assets
South Korean Banks Eye CD Tokens as Stablecoin Alternative
24/07/2023
CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.

AML / KYC
HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years
22/07/2023
HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.

AML / KYC
RBI Steps Up Scrutiny of Bank Response to Digital Fraud
22/07/2023
The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

Crypto / Digital Assets
UK Rejects Proposal to Regulate Crypto as Gambling
21/07/2023
The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.
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