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
China to Revise Securities Investment Fund Law – Report
25/04/2024
CSRC is working on revisions to China’s securities investment fund law to improve protections for investors and reduce capital market risks.
Capital / Liquidity
Japanese Banks Resilient Despite Interest Rate, Real Estate Risks
25/04/2024
BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.
AML / KYC
EU Parliament Adopts AMLD6 and Related Regulations
25/04/2024
The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.
Enforcement
Global Operation Takes Down ‘LabHost’ Cybercrime Service
25/04/2024
LabHost offered a service since 2021 that enabled over 10,000 cybercriminals to create fake websites and conduct phishing campaigns.
Enforcement
US Hedge Fund Sues Over Credit Suisse AT1 Bond Losses
25/04/2024
The lawsuit accuses Credit Suisse’s CEO and former Chairman of misrepresenting the bank’s liquidity position while it was facing a deposit run.
Big Picture
RBA Offers Analysis on Interlinking Fast Payment Systems
25/04/2024
The RBA’s analysis aims to inform future discussions about the potential for interlinking the NPP to fast payment systems in other countries.
Enforcement
US DOJ Proposes 36-Month Prison Sentence for Binance Founder
25/04/2024
The DOJ said the sentence must be significant to effectively punish Changpeng Zhao and to deter others who are tempted to break US laws.
Market Infrastructure
BOJ, FSA Publish Results from Cybersecurity Self-Assessments
25/04/2024
The results reveal that challenges remain in securing and training cybersecurity personnel and managing third-party risks.
Market Infrastructure
TFX Consults on Termination of Three-Month Euroyen Futures
25/04/2024
TFX seeks public comments on the termination of trading for three-month Euroyen futures by 7 May 2024.
Enforcement
Taiwan FSC Penalises Shin Kong Financial Holding and Subsidiary
25/04/2024
Shin Kong Life Insurance’s capital adequacy ratios fell below the required minimum. Its capital increase plan lacked specificity and timelines.
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