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.
Capital / Liquidity
China’s NFRA Proposes Updated Rules for Syndicated Loans
26/03/2024
The revised rules aim to encourage banks to develop their syndicated loan business, activate a secondary market for such loans, and promote fair and transparent pricing.
Big Picture
ESMA Publishes Industry Feedback on Adoption of T+1 in Europe
26/03/2024
The feedback was mixed. ESMA will seek to better understand the suitability, costs and benefits of a shorter settlement cycle and publish a final report by Jan 2025.
Fintech / Regtech
Australia’s High Value Clearing System Has Adopted ISO 20022
25/03/2024
The transition was one of the “largest and most complex programmes of work AusPayNet has undertaken to date in-house,” said CEO Andy White.
Enforcement
CSRC Conducts Surprise Inspections of Fund Companies – Reports
25/03/2024
State media says it is not uncommon for regulators to conduct irregular inspections of fund companies, especially to promote good governance.
Enforcement
US PCAOB Penalises Three Partners of KPMG’s Chinese Affiliate
25/03/2024
The three partners violated PCAOB standards in connection with their audit of the Chinese education company in 2017.
Enforcement
FSS Korea Cracks Down on Unfair Debt Collection Practices
23/03/2024
The FSS uncovered a series of abuses by loan companies and debt collectors through inspections conducted in the first quarter of this year.
Market Infrastructure
China Unveils 24-point Action Plan to Boost Foreign Investment
23/03/2024
Measures include expanded access to bank card clearing, commercial pension, health insurance, bond underwriting, treasury bond futures, and private equity business.
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.
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