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
EACH Calls for Global Consistency in CCP Regulation
05/12/2024
The European Association of CCP Clearing Houses released a manifesto offering recommendations to enhance capital market efficiency and resilience.
Crypto / Digital Assets
DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary
04/12/2024
DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.
AML / KYC
South Korea Cracks Down on Illegal Spam Messages
03/12/2024
The new measures include enhanced filtering services and the application of KISA’s blacklist system to prevent the mass transmission of illegal messages.
ESG / Sustainability
Deadline Looms for Hong Kong-Listed Firms to Get Women on Board
02/12/2024
With an end-December deadline looming, 250 Hong Kong-listed companies are under pressure to appoint at least one woman to their boards.
Capital / Liquidity
Bangladesh Bank Issues New Rules on Loan Classification, Provisioning
29/11/2024
The new guidelines introduce an ECL methodology-based provisioning system in line with IFRS 9, to be fully implemented by 2027.
Enforcement
UK FCA Fines Macquarie Unit £13m for Control Failures
28/11/2024
The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.
AML / KYC
Taiwan FSC Fines Two Crypto Exchanges for AML Violations
28/11/2024
FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.
Enforcement
UK FCA Fines Barclays £40m Over 2008 Disclosure Failures
26/11/2024
The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.
FSC Korea Implements Plan to Reduce Foreign Exchange Violations
26/11/2024
The FSC has launched a plan to reduce foreign exchange violations to minimise penalties for financial consumers.
AML / KYC
UK Government Pushes for Public Beneficial Ownership Registers
26/11/2024
The UK government has reaffirmed its commitment to establishing fully public beneficial ownership registers.
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