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
Korea Advances Work to Implement Revised Asset Securitisation Act
29/12/2023
Effective from 12 January 2024, the revised law will enable a wider range of companies to issue securitised assets.
AML / KYC
UK Proposes Measures to Improve Transparency of Land Trusts
28/12/2023
The UK government seeks feedback on options for improving transparency of land ownership involving trusts.
Fintech / Regtech
HKMA Issues Guidance on Managing Cyber Risk of Third-Parties
27/12/2023
Banks are asked to use scenario-based incident response strategies and regular drills to better prepare for supply chain attacks.
AML / KYC
Singapore Authorities Warn of Scammers Posing as MAS Officers
22/12/2023
The scammers accuse victims of being involved in criminal activities before asking them to transfer money to designated “security accounts”.
Enforcement
Malaysia Mulls Legal Action Against Foreign Banks Over 1MDB
22/12/2023
At least eight foreign banks neglected KYC verification procedures, resulting in misdirection of 1MDB funds into unintended accounts.
Capital / Liquidity
HKMA Addresses Rumours that Banks are Calling in Loans
21/12/2023
Rumours have emerged that banks are demanding early repayments from borrowers whose collateral values have fallen. The HKMA says this is not the case.
Enforcement
Japan FTC Probes Insurers for Alleged Cartel Conduct
21/12/2023
Japan’s FTC raided 22 locations of four major insurers and two insurance agencies over their alleged collusion on premium-setting.
Enforcement
INTERPOL: $300m in Assets Seized in Latest HAECHI Operation
20/12/2023
The latest HAECHI operation resulted in nearly 3,500 arrests and the blocking of over 82,000 bank accounts linked to cyber-enabled scams.
Fintech / Regtech
FSS Korea Targets Third-Party Risk Management With New Guidance
20/12/2023
The FSS has issued guidance to improve third-party risk management at firms that provide financial services electronically.
Market Infrastructure
SFC Reminds Market of Coming Changes to Position Limit Regime
20/12/2023
The SFC has published an FAQ and updated its guidance note to help market participants understand the amendments, which come into force on Friday.
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