
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.
PEPs & Sanctions
New Russia, Iran Sanctions Imposed Over Drone Use in Ukraine
16/12/2022
The UK, EU and New Zealand has announced new sanctions against Iranian individuals and entities over the supply of drones to Russia.
Structural Regulation
NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings
16/12/2022
The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.
Sustainable Finance
GFANZ Pledges Support for Vietnam Just Energy Transition
15/12/2022
Vietnam is the third country to launch a JETP, after South Africa at COP26 and Indonesia at last month’s G20 Leaders’ summit.
Fraud, Scams & Cybercrime
Wirecard Trial Begins With Defendants Blaming Each Other
14/12/2022
Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.
Fraud, Scams & Cybercrime
UK Court Convicts Three for Defrauding Libyan Sovereign Fund
13/12/2022
The fund managers structured investments in a way that generated finder fees that they funnelled through offshore shell companies, causing around $46mn to Libya.
Anti-Bribery & Corruption
US Authorities Fine NYSE-Listed ABB for South Africa Bribes
10/12/2022
The action was coordinated among US, South African and Swiss authorities. ABB also paid bribery related fines in 2004 and 2010.
Payments & Settlements
NPCI Extends UPI Market Cap Compliance Deadline to End 2024
07/12/2022
The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.
Clearing & Post-Trade
LME Defends March Decision to Cancel Nickel Trades
05/12/2022
The LME said a dozen of its members would have defaulted if it did not cancel the nickel trades in March 2022.
Emerging Prudential Risks
BNM Consults on Licensing Framework for Digital Insurers
30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Stablecoins
HKMA Report Assesses Spillover Risk from Asset-Backed Stablecoins
28/11/2022
The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.
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