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.
AML / KYC
Wirecard Trial Begins With Defendants Blaming Each Other
14/12/2022
Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.
Enforcement
UK Court Convicts Three for Defrauding Libyan Sovereign Fund
13/12/2022
The fund managers structured investments in a way that generated finder fees that they funnelled through offshore shell companies, causing around $46mn to Libya.
Enforcement
US Authorities Fine NYSE-Listed ABB for South Africa Bribes
10/12/2022
The action was coordinated among US, South African and Swiss authorities. ABB also paid bribery related fines in 2004 and 2010.
Fintech / Regtech
NPCI Extends UPI Market Cap Compliance Deadline to End 2024
07/12/2022
The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.
Market Infrastructure
LME Defends March Decision to Cancel Nickel Trades
05/12/2022
The LME said a dozen of its members would have defaulted if it did not cancel the nickel trades in March 2022.
Fintech / Regtech
BNM Consults on Licensing Framework for Digital Insurers
30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Crypto / Digital Assets
HKMA Report Assesses Spillover Risk from Asset-Backed Stablecoins
28/11/2022
The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.
Capital / Liquidity
PBOC Cuts RRR for Banks, Lenders Offer Credit to Developers
28/11/2022
The latest measures are being somewhat overshadowed by a new round of Covid-related lockdowns and protests in several Chinese cities.
ESG / Sustainability
HKMA Report Calls Out Greenwashing by Green Bond Issuers
28/11/2022
The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.
Securities / Derivatives
Canada Study Shines Spotlight on How Gamification Influences Investors
25/11/2022
In the study, participants who were rewarded with points for buying and selling stocks made 39% more trades, even though the points had “negligible value.”
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