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
FSA, BOJ Offer Update on Joint Data Collection Project
26/06/2023
In the second half of fiscal 2023, regulators will use the new platform to start collecting “highly granular data on corporate lending” in stages, the FSA said.
AML / KYC
CalPERS, Genworth Hit by Data Breach in MOVEit Hack
26/06/2023
CalPERS, the largest US pension fund, and insurer Genworth Financial have disclosed that customer data was breached in the MOVEit hack.
Crypto / Digital Assets
BSP Urged to Take Action Against Unregistered Crypto Exchanges
26/06/2023
Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.
AML / KYC
Canada Progresses Bill to Create Beneficial Ownership Registry
26/06/2023
The bill will require federally registered companies to disclose beneficial owners with at least 25 percent ownership or control.
Securities / Derivatives
SET to Revamp Listing Rules and Enhance Supervision of Issuers
25/06/2023
The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.
ESG / Sustainability
Japan to Develop Sapporo into Green Finance Hub
23/06/2023
New consortium aims to attract JPY 40 trillion over the next decade to promote renewable energy sources in Sapporo.
Enforcement
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
Big Picture
SNB Calls for Regulatory Changes to Prevent Future Banking Crises
23/06/2023
The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.
Fintech / Regtech
US DOJ Launches New Section to Focus on Cyber Threats
23/06/2023
The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.
Fintech / Regtech
FSC Korea Unveils New Support Programme for Fintech Firms
22/06/2023
The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.
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