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.
ANZ, Suncorp Challenge ACCC’s Decision to Block Merger Deal
28/08/2023
ANZ and Suncorp filed separate applications to the Australian Competition Tribunal seeking a review of the ACCC’s decision.
Sanctions
Russia Considers Decree to Enable Investors to Unblock Assets
28/08/2023
Under the plan, interested foreign investors would be able to buy Russian assets currently frozen in Europe.
Enforcement
Fed Terminates 2017 Cease-and-desist Order Against HSBC
27/08/2023
HSBC no longer has to provide progress reports on its efforts to improve internal controls or manage risks in connection with its FX trading activities.
Capital / Liquidity
Korea Monitoring Risks Arising from China Property Market
27/08/2023
Korean regulators say it is unlikely that problems in China’s property market will spread to the rest of the Chinese financial system, or to Korea’s economy.
Enforcement
3M Settles SEC Bribery Case Involving Chinese Subsidiary
27/08/2023
3M’s Chinese subsidiary paid nearly $1mn to fund at least 24 trips for Chinese government officials that included tourism activities.
Fintech / Regtech
APRA to Punish Failures to Meet Operational Resilience Expectations
26/08/2023
APRA’s Therese McCarthy Hockey said additional capital requirements will be imposed on entities found to be “significantly wanting” in compliance.
Market Infrastructure
Australian Government Launches Competition Policy Review
25/08/2023
Among other things, the review will consider a tightening of the existing merger clearance regime, as proposed by the ACCC.
Sanctions
Canada Sanctions Russian Military, Nuclear, Banking Sector Targets
24/08/2023
Canada sanctioned four individuals and 29 entities linked to Russia’s military, financial and nuclear sectors over the Ukraine war.
Crypto / Digital Assets
US Court Jails Former OpenSea Exec for NFT Insider Trading
24/08/2023
Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.
Enforcement
BSEC Forms Committee to Investigate Stock Market Rumours
24/08/2023
Recent rumours have involved the removal of the floor price, the resignation of BSEC’s chairman, and institutional investor sell-offs.
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