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
Japan FSA Issues Business Improvement Order on DMM Bitcoin
30/09/2024
DMM Bitcoin has until 28 October to submit plans to the FSA specifying measures to prevent a recurrence of the bitcoin theft it suffered in May.
Capital / Liquidity
Korea to Require Higher Microfinance Contributions from FIs
29/09/2024
South Korea’s cabinet approved a revision to bolster financial assistance for vulnerable groups experiencing challenging economic conditions.
AML / KYC
BSP Enters Arbitration Over Philsys Card Printing Delays
29/09/2024
The proceedings were initiated by AllCard Inc, which was contracted to supply cards and equipment for the production of PhilSys cards.
Philippine SEC Offers Amnesty for Non-Compliant Firms
27/09/2024
A similar amnesty programme offered last year saw more than 80,000 corporations come back into compliance with reporting requirements.
ESG / Sustainability
New Zealand Considers Ways to Ease Climate Reporting Burden
26/09/2024
The XRB is considering easing certain disclosure and assurance requirements to allow time for improvements in data availability and quality.
Securities / Derivatives
Citigroup’s China Expansion Plans Stalled by US Regulatory Issues
26/09/2024
Citi has not yet been able to obtain a clearance letter from its home country regulator, as required by Chinese regulators.
Enforcement
ECB Start Penalising Banks for Slow Progress on Climate Risk
26/09/2024
The ECB has begun issuing fines to banks that fail to meet its expectations on climate risk management.
Enforcement
MAS Imposes Five-Year Ban on Former Nech Capital Trader
25/09/2024
The former trader executed trades between Nech Capital’s accounts and those of his relatives, causing losses to his employer.
Enforcement
SFC Imposes Six Month Ban on Former Goldman Trader
25/09/2024
The former trader tried to dishonestly conceal a trade execution error, in breach of the Code of Conduct.
Enforcement
SFC Suspends Ever-Long Securities Director for Sponsor Failures
25/09/2024
The SFC said the former RO breached the Code of Conduct and failed to exercise due skill, care, and diligence in sponsor work.
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