
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.

Enforcement
US House Passes Three Finance Bills to Support Taiwan
16/01/2024
The bills aim to boost Taiwan’s role in the IMF, exclude China from key banking organisations, and push for more […]

Capital / Liquidity
Australia Treasury Seeks Feedback on Clearing and Settlement Services Rules
16/01/2024
The draft regulations will specify the classes of clearing and settlement services that are subject to ASIC’s rules and the CCA’s arbitration regime.

Enforcement
Former Wyelands Bank CEO Fined, Banned by UK PRA
16/01/2024
Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.

Capital / Liquidity
EBA Deems BNP Paribas Capital Instruments Ineligible
15/01/2024
Perpetual bonds, also known as “discos”, have a complex structure that could hamper the resolution of the bank in a crisis, the EBA said.

Market Infrastructure
China Orders Banks, Insurers to Tighten Cyber, Data Security
15/01/2024
Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

AML / KYC
Crypto Firms Lead Surge in AML Fines: Report
15/01/2024
Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

China Sets Up Coordination Mechanism for Real Estate Financing
13/01/2024
The new mechanism aims to address financing difficulties in the real estate sector through regular assessment and communication among stakeholders.

AML / KYC
Wolfsberg Group Updates Guidance on Swift RMA Due Diligence
12/01/2024
The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.

Crypto / Digital Assets
FINRA Report Describes Crypto-related Compliance Risks
12/01/2024
FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

Capital / Liquidity
Korea’s FTC Probes Four Banks for Secured Loan Collusion
11/01/2024
The banks have been accused of maintaining similar terms and conditions to avoid price wars and maximise profits.
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