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.
Fintech / Regtech
Hong Kong to Phase Out Cheques Amid Digital Payments Boom
23/01/2024
The Hong Kong Association of Banks will set up a task force to explore options for encouraging cheque users to shift to digital payments.
ESG / Sustainability
IFRS Foundation and GRI Publish GHG Emissions Reporting Guide
23/01/2024
The reporting guide shows how to report Scope 1, Scope 2 and Scope 3 GHG emissions using both the GRI and ISSB standards.
Capital / Liquidity
Bangladesh Restricts Onshore Lending to Offshore Banking Units
23/01/2024
Banks will have to repatriate funds from their offshore units by the end of 2024 and only rely on foreign funding sources for these units moving forward.
Enforcement
Former ICBC Official Expelled from Communist Party for Corruption
23/01/2024
Liu Lixian will have his illegal gains confiscated and his case transferred to prosecutors for further review.
Securities / Derivatives
Taiwan to Lower Shareholding Disclosure Threshold to Five Percent
21/01/2024
The reporting and announcement procedures will also be streamlined so that only three pieces of information must be reported.
Securities / Derivatives
SET Unveils Three-Year Plan to Boost Thai Capital Market
21/01/2024
The plan includes support for ESG initiatives and the introduction of new products such as small size Thai shares and inverse ETFs.
ESG / Sustainability
Taiwan Proposes New Internal Control Rules on ESG Disclosure
19/01/2024
Listed companies, securities and futures firms, and related service enterprises should include the management of ESG information in their internal control systems.
Capital / Liquidity
China’s NPL Bond Issuance Hits Record High in 2023
19/01/2024
Chinese banks securitised a record amount of bad loans in 2023 amid a property slump and economic slowdown.
Big Picture
Quantum Security Risks Loom for Financial Sector: WEF Report
19/01/2024
The WEF has released a report on the implications of quantum computing for the financial sector, highlighting the need for global collaboration and regulation.
Crypto / Digital Assets
US IRS Clarifies Crypto Tax Reporting Rules
19/01/2024
The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.
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