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.
Fintech / Regtech
EU Commission Seeks Input on AI Systems That Should be Banned
15/11/2024
The EU Commission’s AI Office is consulting on the AI system definition and the specific use cases that should be banned due to potential harm.
ESG / Sustainability
COP29 Countries Approve Global Carbon Market Framework
15/11/2024
Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.
Crypto / Digital Assets
Anchorage Digital Secures Crypto Licence in Singapore
11/11/2024
The licence enables Anchorage Digital to offer custody, staking, trading, and settlement services for crypto in Singapore, along with fiat on and off ramps.
Enforcement
Australian Police Raid PwC Offices Amid Tax Leaks Scandal
07/11/2024
Australian federal police are examining whether former PwC Australia staff committed a crime by disclosing official secrets.
ESG / Sustainability
IAIS Published Strategic Plan for 2025-2029
27/10/2024
The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.
Enforcement
BNM Fines MSB Licensee for Circumventing CDD Process
27/10/2024
BSB Darussalam personnel deliberately split transactions into amounts below MYR 3,000 to avoid CDD requirements.
Enforcement
US Court Fines Chinese Citizen for Fictitious Sales Scheme
27/10/2024
Yueyu Bao was fined and banned for orchestrating a series of non-competitive, fictitious trades with his cousin on the Chicago Board of Trade.
Fintech / Regtech
Paytm Gains NPCI Approval to Onboard New UPI Users
26/10/2024
Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.
AML / KYC
Australia to Create Streamlined Process for Scam Victims to Seek Redress
25/10/2024
AFCA will operate an external dispute resolution scheme for scam victims to seek compensation from banks, telcos and digital platforms.
Capital / Liquidity
State Bank of Vietnam to Inject Capital into Vietcombank
25/10/2024
The capital injection is intended to boost state-owned Vietcombank’s capacity to support government policies and economic stability.
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