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.
Enforcement
Singapore: Former MOM Officer Jailed Over Unauthorised Access to DBS Data
15/09/2023
A former MOM employee has been sentenced to five weeks’ jail for asking former DBS employee to find out his ministry colleagues’ salaries.
SGX Revamps Organisational Structure to Boost Growth
15/09/2023
SGX has announced a new organisational structure and senior management appointments to enhance its multi-asset capabilities and growth prospects.
Capital / Liquidity
RBI Releases List of Upper Layer NBFCs for 2023-24
14/09/2023
Under the new regulatory framework, the 15 upper layer NBFCs will be subject to heightened regulatory requirements for a minimum of five years.
Crypto / Digital Assets
EU Parliament Approves Crypto Tax Reporting Rules
14/09/2023
The rule, known as DAC8, aligns with the OECD’s crypto-asset reporting framework and will take effect on 1 January 2026.
AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion
14/09/2023
Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.
Enforcement
SEBI Orders Brickwork Ratings to Revamp Board, Rating Process
13/09/2023
SEBI initially tried to cancel Brickwork’s credit rating agency licence but the order was quashed on appeal and SEBI was directed to issue a fresh order.
RBI Sets 30-day Deadline for Lenders to Return Property Documents
13/09/2023
The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.
Taiwan FSC Warns Against Unapproved Overseas Insurance Products
13/09/2023
The FSC reminds the public of the risks and legal consequences of buying overseas insurance products that have not been approved by local authorities.
Market Infrastructure
Myanmar to Start Accepting Russian Mir Cards Next Month – Report
13/09/2023
Mir cards, established by the Central Bank of Russia, will be used in Myanmar as part of the military junta’s efforts to stabilise the kyat.
Enforcement
Thai SEC Charges Four Brokerage Execs for Stock Manipulation
13/09/2023
Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.
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