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.
Securities / Derivatives
SEBI Speeds Up Availability of Sale Proceeds for FPIs
18/10/2024
Tax certificates for FPI sale trades will be issued faster, enabling FPIs to access sale proceeds for repatriation or reinvestment on settlement day.
Fintech / Regtech
UnionPay to Enable Cross-Border QR Payments for Vietnam
18/10/2024
Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.
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.
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