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
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.
Enforcement
South Korea Enhances Measures Against Voice Phishing Frauds
20/08/2024
New measures effective from 28 August will require FIs and prepaid providers to share information and introduce more controls to guard against fraud.
Enforcement
FSA Japan Launches Probe into Cross-Shareholdings Disclosures
15/08/2024
The FSA will investigate whether 4,000 listed companies are transparently and accurately reporting their strategic shareholdings.
Enforcement
Korea: Woori Facing Disciplinary Action Over Improper Loans
13/08/2024
The FSS said Woori improperly disbursed 28 loans worth a combined KRW 35 billion to Chairman Sohn Tae-Seung’s relatives and their companies.
Capital / Liquidity
Korea Starts Supplying Liquidity to Firms Hit By E-Commerce Crisis
12/08/2024
A series of reforms are also planned to prevent a recurrence of the liquidity crisis at e-commerce platforms TMON and WeMakePrice.
ESG / Sustainability
SET, FTSE Russell Partner to Elevate Sustainability Assessments
01/08/2024
The collaboration will see the Stock Exchange of Thailand replace the current SET ESG Ratings with FTSE Russell’s ESG Data Model by 2026.
AML / KYC
Philippines Announces Total Ban on Offshore Gaming Operators
25/07/2024
The ban announced by the President will impact more than 400 POGOs, most of which are unlicensed and operate underground.
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