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.
Big Picture
Fed Official Calls for Banking Reforms to be “Targeted” and “Thoughtful”
12/05/2023
Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.
Enforcement
HK Court Orders Confiscation of HK$63m from Bribery Case
12/05/2023
The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.
Big Picture
US Super-Regional Banks Bore the Brunt of SVB Failure: NY Fed
12/05/2023
Deposit withdrawals after SVB’s failure were limited to around 30 super-regional banks, according to a new study by the NY Fed.
Fintech / Regtech
China Unveils National Blockchain Centre to Boost DLT Innovation
12/05/2023
The centre will develop blockchain technology and train over 500,000 DLT specialists in China.
ESG / Sustainability
US Fed Governor Questions Need for Special Focus on Climate Risk
12/05/2023
Climate change is real, but not a serious risk to financial stability, Fed Governor Waller said in a speech in Madrid.
Crypto / Digital Assets
Bankrupt FTX Affiliate Alameda Research Hit with $44b Tax Bill
10/05/2023
In bankruptcy proceedings, the IRS claims would take precedence over those of unsecured creditors, including FTX’s one million users.
Enforcement
British American Tobacco to Pay $629m in DPRK Sanctions Case
27/04/2023
OFAC’s $508mn penalty, its largest ever against a non-financial institution, settles charges related to the export of tobacco products to North Korea.
Crypto / Digital Assets
UK FCA to Develop New Financial Promotions for Crypto Industry
26/04/2023
FCA executive director Sarah Pritchard said the new regime will apply to all firms marketing cryptoassets to UK consumers, regardless of where they are based.
Crypto / Digital Assets
VC Firm Tribe Capital Eyes $250m Fund Raise to Restart FTX
24/04/2023
FTX’s creditors are in talks with Tribe Capital, a venture capital firm that is interested in leading a $250mn fund raise to restart the exchange.
ESG / Sustainability
Asian Asset Managers Lag Europe on ESG, says WWF-Singapore
23/04/2023
Only 38 percent of Asian asset managers reporting on responsible investing actions, compared with 100 percent of European asset managers.
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