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
China Raises Macroprudential Cap on Overseas Borrowing
14/01/2025
The move will enable enterprises and FIs to access more cross-border finance and help alleviate some depreciation pressure on the yuan
Enforcement
US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui
09/01/2025
Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.
Crypto / Digital Assets
FCA Proposes New Rules to Prevent Abuse in Crypto Markets
17/12/2024
CATPs will have to establish robust due diligence processes for new listings, produce disclosure documents, and implement market abuse related systems and controls.
Enforcement
China: Former CISF Official Sentenced to 13 Years for Bribery
06/12/2024
A former China Insurance Security Fund official has been sentenced to 13 years in prison for bribery and abuse of power.
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.
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