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.
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.
AML / KYC
BaFin Appoints Special Monitor to Oversee AML Improvements at N26
21/07/2023
BaFin fined N26 in 2021 but says it still has deficiencies. N26 will be restricted to onboarding no more than 50,000 new customers per month until the deficiencies are resolved.
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