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
ECB Threatens Fines for Banks Lagging on Climate Risk
23/11/2023
The central bank has given about 20 banks individual deadlines to fix their shortcomings in managing climate and environmental risks.
Securities / Derivatives
Thai SEC Directs Stock Exchange to Tighten Short Selling Rules
23/11/2023
The regulator asked the SET to enforce stricter rules on short selling transactions, amid concerns of naked short selling in the market.
China, Cambodia Sign Yuan Clearing Agreement
23/11/2023
The PBOC and the NBC have signed a memorandum of cooperation to facilitate financial transactions in yuan and enhance economic ties.
Crypto / Digital Assets
Canada Starts Consultations on Crypto Asset Disclosure by Banks
23/11/2023
Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.
ESG / Sustainability
BCBS Addresses Challenges of Managing Climate-related Financial Risk
23/11/2023
BCBS newsletter discusses challenges relating to data availability and quality, capabilities and expertise, and climate scenario analysis.
Citi Completes Sale of Indonesia Consumer Business to UOB
22/11/2023
UOB acquired Citi’s consumer banking operations in Indonesia, Malaysia, Thailand, and Vietnam.
Enforcement
UK Reinsurance Brokers Settle FCPA Charges for Ecuador Bribes
21/11/2023
Tysers Insurance Brokers agreed to pay almost $47mn for bribing officials at Ecuadorian state-owned insurance companies.
Big Picture
ISDA, FIA, IIF Respond to FSB Consultation on CCP Resolution
21/11/2023
The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.
Crypto / Digital Assets
MAS Grants In-Principle Approval to Crypto Firm XREX
21/11/2023
The in-principle approval encompasses six payment services. Last week, MAS also granted in-principle approvals to three stablecoin issuers.
Enforcement
Ransomware Group Files SEC Complaint Against its Own Victim
20/11/2023
ALPHV/BlackCat attacked software company MeridianLink, then filed a complaint with the US SEC saying the company failed to disclose the attack.
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