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
S. Korea to Scrap Plans to Impose Investment Income Tax
04/01/2024
President Yoon Suk Yeol announced plans to abolish a tax on capital gains from stock investments that has been due to take effect in 2025.
Crypto / Digital Assets
Indonesia Requires Crypto Exchanges to Register with National Bourse
02/01/2024
Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.
Fintech / Regtech
Indonesia OJK Issues New Rules to Support Banking Digitalisation
30/12/2023
The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity.
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.
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