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.
Sanctions
Western Allies Issue Guidance on Russia-related Export Controls
01/10/2023
E5 countries issue a guidance document for industry and academia on exporting commercial goods that may be subject to Russia sanctions.
Big Picture
Fed Report Assesses Financial Stability Risks of Stablecoins
01/10/2023
In a separate note, JP Morgan says the Fed’s decision to prevent stablecoins from accessing its overnight facilities could risk disruption in funding markets.
Sanctions
UK Imposes New Sanctions Over “Sham Elections” in Ukraine
01/10/2023
The sanctions are a response to Russia’s attempts one year ago to use “falsified and illegitimate sham referendums” to annex sovereign Ukrainian land.
Enforcement
US Regulators Penalise Shinhan Bank for AML Violations
01/10/2023
The US subsidiary of South Korea’s Shinhan Bank will pay a USD 15 million penalty to settle cases from FinCEN, the FDIC, and NYDFS.
Enforcement
SFAT Upholds SFC’s Decision to Bar Ex-UBS Banker for Two Years
30/09/2023
The SFAT has upheld the SFC’s decision to prohibit Calvin Choi from re-entering the industry for two years.
Enforcement
Indian Lawmakers Demand Parliamentary Probe into Adani Group
29/09/2023
The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.
Securities / Derivatives
India Considers Allowing Trading in Fractional Shares – Report
29/09/2023
Fractional shares could simplify investing for India’s retail investors and help address the market entry challenges they currently face.
Securities / Derivatives
Philippine SEC Eases Disclosure Rules for Public Offerings
28/09/2023
The “streamlined procedures” are part of the SEC’s efforts to encourage more companies to tap the capital markets.
Securities / Derivatives
SZSE to Revise Corporate Bond Issuance and Underwriting Rules
26/09/2023
SZSE has revised regulations covering the issuance, listing, underwriting and suitability management of corporate bonds.
FSB Identifies Data-related Challenges in Cross-Border Payments
26/09/2023
The FSB is developing recommendations to promote alignment and interoperability across data frameworks applicable to cross-border payments.
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