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
S. Korean Police Confirm DPRK’s Role in 2019 Upbit Theft
25/11/2024
North Korean hackers stole 342,000 Ethereum tokens from Upbit in 2019. At today’s prices the tokens would be worth over $800mn.
AML / KYC
OJK Announces Soft Launch of Indonesia Anti-Scam Centre
25/11/2024
The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.
Capital / Liquidity
ECB Compares EU and US Capital Requirements for Banks
23/11/2024
The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.
Securities / Derivatives
China: Fund Houses Slash ETF Fees as Active Managers Underperform
22/11/2024
Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.
Enforcement
SFC Suspends Former Yuanta Securities Licensee for 26 Months
22/11/2024
The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.
Enforcement
Former Richmond Fed Official Pleads Guilty to Insider Trading
22/11/2024
The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.
Securities / Derivatives
FSC Korea Amends Rules to Boost Competitiveness of Public Funds
21/11/2024
South Korea’s FSC has announced regulatory amendments aimed at enhancing the competitiveness of public funds while also enhancing investor protections.
Securities / Derivatives
IOSCO Unveils Roadmap to Enhance Retail Investor Online Safety
20/11/2024
IOSCO released three consultation reports as part of the first wave of the roadmap to retail investor online safety.
S. Korea and Poland to Boost Cooperation on Banking
20/11/2024
About 370 Korean companies operate in Poland, but none are financial companies. The MOU will enable Korean banks to expand to Poland.
Enforcement
US Authorities Penalise BIT Mining Over Japan Bribery Scheme
20/11/2024
The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.
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