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.
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.
Securities / Derivatives
SEBI Abolishes Mandatory Security Deposit for Public Issues
26/11/2024
SEBI has removed the mandatory one percent security deposit for public issues, aiming to simplify business operations.
Big Picture
US Federal Reserve Governor Cautions Against Hasty AI Regulation
26/11/2024
Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.
AML / KYC
Eurojust Establishes Judicial Focus Group to Combat Money Laundering
26/11/2024
Eurojust has launched a Judicial Focus Group to strengthen efforts against money laundering and improve asset recovery across the European Union.
Crypto / Digital Assets
Shanghai Court Declares Personal Ownership of Crypto Legal
26/11/2024
In an opinion piece, a Shanghai judge wrote that cryptocurrency ownership is not illegal for individuals.
Enforcement
S. Korean Police Confirm DPRK’s Role in 2019 Upbit Theft
25/11/2024
North Korean hackers stole 342,000 Ethereum tokens from Upbit in 2019. At today’s prices the tokens would be worth over $800mn.
AML / KYC
OJK Announces Soft Launch of Indonesia Anti-Scam Centre
25/11/2024
The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.
Capital / Liquidity
ECB Compares EU and US Capital Requirements for Banks
23/11/2024
The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.
Securities / Derivatives
China: Fund Houses Slash ETF Fees as Active Managers Underperform
22/11/2024
Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.
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