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.
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.
Enforcement
Barclays to Close 21 ETN Products Following Over-issuance Incident
22/04/2023
Barclays will close nearly half of its US-listed ETNs. The bank was penalised by the SEC last year for over-issuing $17.7bn in securities.
Capital / Liquidity
ECB Calling on US Banks to Relocate More Assets to EU
21/04/2023
The ECB has urged US banks to move more assets and risk to the euro area after a “desk mapping” review that took place last year.
Crypto / Digital Assets
ECB Urged to Improve Design Features of Digital Euro
20/04/2023
A new study evaluates the ECB’s progress on the digital euro and suggests ways to enhance its attractiveness and functionality.
Fintech / Regtech
ChatGPT Can Interpret Fed Policy, Predict Stock Moves
19/04/2023
Researchers find ChatGPT can interpret Fed policy and corporate news and make investment recommendations based on them.
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