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.
ESG / Sustainability
RBI to Issue Guidance on Climate-related Credit Risks for Banks
26/07/2023
The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.
Crypto / Digital Assets
South Korea Unification Minister Faces Scrutiny Over Crypto Trading
26/07/2023
Opposition party lawmakers claim minister Kwon Young-se may have had a conflict of interest that influenced his trading in virtual assets.
Capital / Liquidity
FDIC Directs Banks to Fix Incorrectly Reported Uninsured Deposits
26/07/2023
The FDIC said some banks are understating uninsured deposits by excluding those backed by collateral, which is “incorrect”.
Crypto / Digital Assets
South Korean Banks Eye CD Tokens as Stablecoin Alternative
24/07/2023
CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.
AML / KYC
HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years
22/07/2023
HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.
AML / KYC
RBI Steps Up Scrutiny of Bank Response to Digital Fraud
22/07/2023
The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.
Crypto / Digital Assets
UK Rejects Proposal to Regulate Crypto as Gambling
21/07/2023
The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.
Capital / Liquidity
FSS Korea Cautions Securities Firms Against Real Estate-related Risks
21/07/2023
The financial watchdog met with local securities firms to assess and manage real estate-related risks amid concerns of rising overdue loans.
Enforcement
FSS Korea Steps Up Efforts to Eradicate Unfair Trading Practices
21/07/2023
The FSS governor pledges to crack down on any illegal activities in the capital market. A notice outlines misconduct at some investment firms.
Securities / Derivatives
SEBI, NSE, BSE Revamp Framework for ESM Stocks
21/07/2023
The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.
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