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.
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.
Crypto / Digital Assets
Korea FSS Developing Rules to Implement Virtual Asset Law
20/10/2023
Regulations to implement the Virtual Asset Users Protection Act, which was passed in June, will be ready by January 2024.
Crypto / Digital Assets
ECB Launches Two-Year Preparation Phase for Digital Euro
20/10/2023
The ECB said its Governing Council will decide after the two year preparation phase whether to proceed to the next stage.
Big Picture
BIS General Manager Outlines Crisis Management Lessons from Bank Failures
19/10/2023
In a speech, Agustín Carstens reviewed the key features and outcomes of the interventions by the US and Swiss authorities to manage bank failures.
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