Mark Johnston

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    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.

    Articles by Mark Johnston

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    Capital / Liquidity

    RBI Tightens Rules on Ownership of Bank Shares

    17/01/2023

    The rules are intended to ensure control and ownership stay “well-diversified” and major shareholders are ‘fit and proper’.

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    Crypto / Digital Assets

    UK to Launch Digital Currency Consultations in Coming Weeks

    15/01/2023

    One consultation will cover the attributes of a digital pound. The other will cover the UK’s approach to regulating crypto and DeFi.

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    Market Infrastructure

    RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

    05/01/2023

    The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

    Crypto / Digital Assets

    BIS Papers Explore DeFi Benefits, Risks, and Systemic ‘Fragility’

    22/12/2022

    Regulators should address DeFi risks with globally consistent regulatory frameworks. Collateral liquidations in DeFi lead to lasting price impacts.

    Capital / Liquidity

    Korean Banks to Resume Bond Issuance as Markets Stabilise

    22/12/2022

    South Korea’s corporate bond market is showing signs of recovery, prompting banks to resume bond issuance to replace maturing debt.

    Crypto / Digital Assets

    Audit Firms Are Exiting Relationships with Crypto Clients

    21/12/2022

    Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.

    Enforcement

    Former German Tax Inspector Jailed Over Cum-Ex Tax Fraud

    20/12/2022

    Hanno Berger, considered a Cum-Ex mastermind, was sentenced to eight years in jail and ordered to repay EUR 13.7 million.

    Big Picture

    Systemic Risk Scores in Global Insurance Sector Are Rising: IAIS

    19/12/2022

    Higher systemic risk scores are driven by increased exposures to illiquid and difficult-to-value assets, OTC derivatives, repo transactions and other factors.

    Crypto / Digital Assets

    US Lawmakers Introduce AML/CFT Bill for Crypto Firms

    19/12/2022

    The bill would categorise all crypto firms as money transfer businesses, requiring them to implement AML programmes and prohibiting the use of crypto mixers.

    Enforcement

    US SEC, DOJ Charge Social Media Influencers for Securities Fraud

    18/12/2022

    Eight individuals are accused of engaging in a conspiracy to commit securities fraud through a social media-based “pump and dump” scheme.

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