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
NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules
25/05/2023
OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.
Crypto / Digital Assets
TP ICAP Launches New Digital Assets Trading Platform
25/05/2023
The platform can be used for order matching and trade execution, with segregated custody and settlement done separately.
Enforcement
Shanghai Police Uncover Money Laundering via Livestreamers
25/05/2023
Shanghai police have uncovered a scheme involving fraudsters who tipped livestreamers to conceal their illicit funds.
Market Infrastructure
DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan
25/05/2023
Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.
Securities / Derivatives
SEBI Proposes to Cut IPO Listing Timelines in Half
24/05/2023
The proposal is expected to improve the efficiency and transparency of the IPO process and provide faster access to capital.
Sanctions
EU Considers Ways to Use Frozen Russian Assets to Aid Ukraine
24/05/2023
EU officials are considering sending the interest generated from cash frozen at Euroclear and Clearstream to Ukraine.
Enforcement
Adani Shares Recover as SEBI Struggles to Trace Overseas Investors
24/05/2023
A court-appointed panel says SEBI has been unable to trace the ultimate owners of 13 overseas entities that invested in Adani Group.
China Optimises Policy on Cross-Border Funds for Multinationals
24/05/2023
Existing policy requirements related to the centralised operation of cross-border funds of multinational corporations will be optimised
ESG / Sustainability
ELFA, ICMA Offer Practical Guidance on High Yield SLBs
24/05/2023
The ELFA and ICMA partnered to create guidance for the high yield bond market in line with ICMA’s Sustainability-Linked Bond Principles.
Fintech / Regtech
ASX Will No Longer Use Blockchain for CHESS Replacement System
22/05/2023
ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.
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