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.
Crypto / Digital Assets
DOJ Proposes Stricter Bond Conditions for Binance Founder
27/02/2024
Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.
Capital / Liquidity
Korean Regulators Warn of Risks from Overseas Property Investments
26/02/2024
The FSS said the domestic impact is expected to be minimal, but urged financial firms to enhance their loss absorption capabilities.
Enforcement
CSRC Vows to Crack Down on Listed Company Misconduct
26/02/2024
The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.
Big Picture
BSP Report Highlights Systemic Risk from Optimism Bias
26/02/2024
The central bank warns of systemic risks from optimistic market expectations in its 2023 Financial Stability Report.
Enforcement
SkyCity Adelaide Faces A$33M Penalty for Casino Tax Dispute
26/02/2024
SkyCity estimates it owes about A$13mn in back taxes dating back to 2014. Penalty interest could amount to as much as A$20mn.
AML / KYC
UK FCA Probes Lloyds Banking Group Over AML Controls
26/02/2024
Lloyds said it is cooperating with the investigation and it is “not currently possible” to estimate the potential financial impact, if any.
Market Infrastructure
PSE to Complete Acquisition of Bond Market Operator by 2025
26/02/2024
The Philippine Stock Exchange has since 2017 been seeking to acquire the Philippine Dealing System Group, which operates the local bond market.
Fintech / Regtech
FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities
25/02/2024
MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.
Crypto / Digital Assets
S. Korea Has a New System for Tracking Crypto Tax Evaders
25/02/2024
Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.
Crypto / Digital Assets
HK Crime Cases Involving Crypto Have Tripled Since 2021
25/02/2024
The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).
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