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.
China Issues New Supervisory Ratings Framework for Insurers
23/03/2024
Insurers that offer green insurance or inclusive insurance will be awarded special bonus points to acknowledge ESG performance.
Market Infrastructure
EU, China Hold Inaugural Meeting of New Working Group
22/03/2024
Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.
Enforcement
London Court Convicts Chinese Woman in Bitcoin Laundering Case
22/03/2024
A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.
ESG / Sustainability
FSC Korea Unveils New Set of Measures to Boost Climate Finance
21/03/2024
FIs will channel KRW 452 trillion into climate initiatives and the Ministry of Environment will take additional steps to promote green investment.
Crypto / Digital Assets
Korea’s Cabinet Passes Amendment to Enhance VASP Oversight
20/03/2024
Banks that can open real-name accounts for VASPs will also have new obligations on governance, personnel and physical facilities.
Big Picture
US Move to T+1 Settlement Poses Systemic Risk to Europe
20/03/2024
EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.
ECB, EBA Form Joint Committee to Streamline Bank Reporting
19/03/2024
The committee will create a common data dictionary, which will standardise concepts and definitions across new and existing reports.
Enforcement
US DOJ Proposes 50 Year Prison Term for FTX Founder
19/03/2024
Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.
Big Picture
Emerging Tech is Raising Cyber Risk in Financial Industry – Report
18/03/2024
A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.
Enforcement
China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs
18/03/2024
A criminal probe against Zhonzhi was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.
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