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.
Sanctions
Citi Warns of Potential for Russia to Weaponise Metal Exports
10/03/2023
Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.
Crypto / Digital Assets
China CBDC App Integrates WeChat Pay as Payment Option
09/03/2023
PBOC’s e-CNY app aims to make digital currency more accessible, but adoption remains slow. The PBOC’s (People’s Bank of China) […]
Market Infrastructure
US Unveils New Cybersecurity Strategy Focusing on Ransomware Attacks
05/03/2023
The strategy involves leveraging international cooperation, investigating crimes, bolstering infrastructure resilience, and addressing virtual currency abuse.
Capital / Liquidity
Covid Asset Purchases by Central Banks Were “Broadly Successful”
04/03/2023
A new CGFS report finds that the asset purchases were “broadly successful” in addressing disruptions in monetary policy transmission and providing additional stimulus to the economy.
AML / KYC
FATF Explores Financial Crime Risks in Art and Antiquities Markets
03/03/2023
New report highlights the need for greater awareness and understanding of the risks and collaboration across public and private sectors.
ESG / Sustainability
US Senate Votes to Overturn ESG Investing Rule for Retirement Funds
02/03/2023
The US Senate voted to repeal a Labour Department rule that allowed managers of retirement funds to consider ESG factors in their investments.
Enforcement
Five Banks Settle Allegations They Aided Ponzi Scheme
28/02/2023
Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.
Fintech / Regtech
UK, Australia Should Draw Open Banking Lessons from Each Other
26/02/2023
NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia’s open banking implementations.
Big Picture
BIS Head Outlines Vision for Future Monetary System
24/02/2023
Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.
Capital / Liquidity
UK FCA Seeks to Enhance Rules for Asset Management Sector
23/02/2023
The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.
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