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.
Crypto / Digital Assets
Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks
23/11/2023
Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.
Capital / Liquidity
China Promotes Digital Services for Capital Account Business
23/11/2023
The PBOC and SAFE asked banks to provide digital services for capital account foreign exchange and cross-border RMB business.
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.
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