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.
Crypto / Digital Assets
Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services
15/04/2022
ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.
Bangladesh Bank Issues Revised CSR Reporting Form
14/04/2022
The new reporting form introduces a requirement to disclose whether banks and NBFIs are using external agencies, foundations or other third parties to conduct their CSR activities.
Crypto / Digital Assets
New Korean Government to Ease Real Estate Lending Rules
11/04/2022
President-elect Yoon Suk-yeol’s government plans to relax LTV ratio restrictions and reduce taxes on owners of multiple homes.
HMKA, IA Issue Rules on Use of Premium Financing in Insurance
06/04/2022
The rules will promote better disclosures and facilitate informed decision-making by customers who intend to use premium financing for life policies.
AML / KYC
Japan, US Impose More Sanctions Over DPRK Missile Tests
05/04/2022
Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.
Market Infrastructure
Japan, EU Enhance Framework on Regulatory Cooperation
02/04/2022
The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.
Crypto / Digital Assets
CFTC Consults on Crypto Derivatives Model Proposed by FTX
19/03/2022
Under the proposed model, customers would have to post margin to open a position, and the margin level will be recalculated every 30 seconds as positions are marked to market.
AML / KYC
US Omnibus Bill Grants FinCEN 27pc Budget Increase
18/03/2022
The additional budget is to allow FinCEN to respond to the situation in Ukraine, including expenses foreign government personnel to attend meetings and training.
Securities / Derivatives
China to Concede to US Regulators on Audit Supervision Issue
17/03/2022
Chinese regulators plan to allow some companies to provide some audit information to the PCAOB, and provide additional clarity on what information can and cannot be disclosed overseas.
Fintech / Regtech
S. Korea Elects Pro-Crypto President, Yoon Suk-yeol
16/03/2022
President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.
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