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
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.
Market Infrastructure
French, German Banks Get More Time to Solve India CCP Issue
21/02/2023
French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.
Market Infrastructure
BOE Sets Out Vision for UK Payments with RTGS Roadmap
21/02/2023
The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.
Big Picture
FSB Warns of Excessive Concentration Risk in in Commodity Markets
20/02/2023
The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.
Enforcement
China Renaissance’s Founder Reported to be Missing
20/02/2023
Bao Fan, the founder of boutique investment bank China Renaissance Holdings, is the latest high-profile Chinese executive to go missing without explanation.
Market Infrastructure
UK CCPs Directed to Update Outsourcing Agreements by Feb 2024
19/02/2023
New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.
ESG / Sustainability
Companies Making Slow Progress on Climate Transition Plans: CDP
17/02/2023
Japanese companies performed best, with 16 organisations disclosing to all key indicators that denote a “credible” climate transition plan.
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