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.
Fintech / Regtech
Bangladesh Bank to Issue Guidelines for Digital Banking
14/06/2023
The central bank plans to finalise a new licensing framework for digital banks this month, after consulting with stakeholders.
Sanctions
China Military Pilot Training Targeted by US Export Controls
14/06/2023
US Commerce Department’s Bureau of Industry and Security added 43 entities to its Entity List for aiding China’s military modernisation programmes.
Fintech / Regtech
IFSCA Consults on Regulations for GIFT City Payment Firms
13/06/2023
The proposed regulations cover authorisation, supervision, governance arrangements, and risk management.
Securities / Derivatives
SEBI Permits Mutual Funds Greater Participation in Repo Market
11/06/2023
Mutual funds can participate in repo transactions involving commercial papers and certificates of deposit.
Securities / Derivatives
CSRC Vows to Crack Down on Stock Market related Misconduct
11/06/2023
CSRC chairman Yi Huiman said the regulator will strengthen monitoring and supervision of equities trading, including in relation to new practices such as quantitative trading.
Capital / Liquidity
RBI Allows Banks More Flexibility to Participate in Interbank Market
09/06/2023
Banks can set their own limits for borrowing in the call and notice money markets, provided they meet existing prudential limits for inter-bank liabilities.
Capital / Liquidity
RBI Issues New Rules on Guarantee Arrangements in Digital Lending
09/06/2023
Loan service providers such as fintechs are allowed to provide default cover up to five percent of the loan portfolio.
Capital / Liquidity
SEBI Issues New Framework for Client Funds Upstreaming
08/06/2023
Stock brokers will have to upstream all client funds to clearing corporations by the end of each day.
Enforcement
INTERPOL Issues Global Alert on Human Trafficking-Fueled Online Fraud
07/06/2023
INTERPOL warns of a “double-edged crime threat” that exploits victims of human trafficking as well as those forced to perpetrate online fraud.
Crypto / Digital Assets
Russia Drops Plan to Establish National Crypto Exchange
06/06/2023
The country now plans to create rules that will enable multiple crypto trading platforms to be established and conduct cross-border transactions.
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