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.
AML / KYC
UK FCA Urges Firms to Strengthen Anti-Money Mule Controls
23/10/2023
The FCA published findings from a review of the systems and controls payment account providers have in place to detect and prevent money mule activity.
BNM Earmarks MYR 600m for SMEs in Four Priority Segments
21/10/2023
BNM announces funding and grants for SMEs in four segments to help MSMEs participate in key national initiatives.
ESG / Sustainability
Super Funds Urged to Ensure Accurate Sustainable Finance Disclosures
21/10/2023
At a roundtable, APRA and ASIC asked super fund trustees to prepare for mandatory climate-related financial disclosure requirements.
Capital / Liquidity
ECB Publishes Guidance on Counterparty Credit Risk Management
21/10/2023
Banks dealing with hedge funds and family offices should set up daily monitoring and additional risk control processes to manage those CCR exposures.
Crypto / Digital Assets
Eurex Set to Add Options to Crypto Derivatives Suite
21/10/2023
The new options contracts will allow investors to deploy new trading strategies with institutional grade trading and clearing safeguards, Eurex said.
Fintech / Regtech
Google to Set Up Global Fintech Headquarters in India’s GIFT City
20/10/2023
Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.
Crypto / Digital Assets
DTCC to Build Infrastructure to Support Adoption of Digital Assets
20/10/2023
DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.
ASIC Tweaks Reportable Situations Regime to Reduce Industry Burden
20/10/2023
Certain breaches will no longer be automatically reportable if they meet certain criteria, like if they impact only one person or don’t cause any financial loss or damage.
Capital / Liquidity
South Korea Postpones Plan to Increase LCR Requirement
20/10/2023
The FSC has decided to retain a 95 percent LCR requirement until June 2024. Earlier the LCR was expected to increase at year-end.
Market Infrastructure
Canada to Allow T+1 Settlement Cycle for Mutual Funds
20/10/2023
CSA seeks feedback on amendments to allow mutual funds to voluntarily adopt T+1 settlement for subscription and redemption.
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