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.
Enforcement
ESMA Fines S&P Global Ratings for Breaching CRA Rules
24/03/2023
S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.
Crypto / Digital Assets
Gibraltar’s Xapo Bank to “Fully Integrate” with USDC Stablecoin
20/03/2023
Users can send USDC using USD funds in their Xapo Bank accounts, with no fees incurred. Any USDC received is instantly converted to dollars.
ESG / Sustainability
European Banks to Undergo Climate, Cyber Stress Tests
15/03/2023
European regulators have been asked to conduct a one-off climate risk scenario analysis. The ECB separately plans to launch a thematic stress test on cyber resilience.
Crypto / Digital Assets
Traders See Crypto Derivatives Market as Resilient: Acuiti
15/03/2023
New Acuiti report finds that 64 percent of surveyed crypto derivatives traders have concerns over proof-of-reserves quality.
Big Picture
IMF Proposes Global Marketplace for Trading Between CBDCs
14/03/2023
A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.
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.
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