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
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.
Securities / Derivatives
Korea Unveils Details on New English Disclosure Requirements
20/12/2023
South Korea’s FSC unveiled details on its phased approach to mandatory English disclosures for listed companies in Korea.
Enforcement
SFC Fines Brokerage for Breaching Financial Resources Rules
19/12/2023
Central Wealth Securities Investment made various accounting and calculation errors in its financial returns and had a liquid capital deficit for eight months.
AML / KYC
Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors
19/12/2023
The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.
Securities / Derivatives
JPX Prepares for New NISA Launch in 2024
19/12/2023
JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.
Crypto / Digital Assets
BOK Partners with LG Unit to Develop CBDC System
19/12/2023
The platform will enable authorities to jointly test the feasibility of a CBDC, which BOK governor Rhee Chang-yong says is ‘essential’ to the future of finance.
Crypto / Digital Assets
Korea Showing Leadership on Crypto Assets, Says IMF Head
18/12/2023
Korea is showing leadership by amending its AML law and setting up new legislation on crypto assets, said the IMF’s Kristalina Georgieva.
Crypto / Digital Assets
FASB Issues Standards to Implement ‘Fair Value’ Accounting for Crypto
18/12/2023
Fair value accounting allows firms to provide a clearer view of their financial position and the actual economic value of their crypto holdings.
Mainland Officials Meet With HK Bankers to Discuss Challenges
15/12/2023
Officials met with Hong Kong bankers this week to seek their views on improving the city’s competitiveness.
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