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
US Fed’s Basel III Plan Faces Pushback From FDIC – Report
24/09/2024
Fed Vice Chair Michael Barr’s proposal has been met with resistance from at least three FDIC directors.
Enforcement
Danske Bank Settles French Money Laundering Probe
23/09/2024
Danske Bank will pay €6.33mn to settle a probe by French authorities into the bank’s now-shuttered Estonian operations.
Crypto / Digital Assets
UK Banks Complete Experimental Phase of Digital Money Project
20/09/2024
UK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.
Enforcement
US Firm Deere & Co Fined $10m in Thailand Bribery Case
13/09/2024
The company’s subsidiary paid bribes to Thai officials to win government contracts and employees at another company to win sales.
Capital / Liquidity
PBOC Starts Stress Testing FIs to Assess Bond Risks
29/08/2024
The stress tests will assess whether banks can withstand significant drops in bond prices, which could result if yields suddenly rise.
ESG / Sustainability
Vietnam to Pilot Carbon Credit Exchange in 2025
28/08/2024
HNX and VSD are asked to launch a pilot carbon credit exchange in 2025, to help Vietnam achieve its net-zero emissions by 2050.
Securities / Derivatives
Korea’s Corporate Value-Up Plan Facing Low Participation
26/08/2024
Companies are reportedly being cautious due to concerns about the economic environment and uncertainty about whether the tax incentives will pass.
China Bans Low Rated Trust Firms Certain Wealth Product Sales
24/08/2024
The NFRA is reportedly prohibiting lower-rated trust companies from selling wealth products underpinned by LGFVs.
Enforcement
Polish National Arrested in Montenegro for Crypto Fraud
22/08/2024
Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.
Enforcement
UK FCA Fines PwC for Failing to Report Fraud Suspicions
20/08/2024
This is the FCA’s first-ever fine against an auditor, imposed because PwC failed to report fraud suspicions to the regulator.
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