Mark Johnston
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
Fraud, Scams & Cybercrime
Korea FSS Seeks Max Penalties for Alleged Fraud by Kakao Unit
27/02/2024
The FSS has issued a preliminary notice to Kakao Mobility, accusing it of inflating its revenue and engaging in accounting fraud.
Reporting & Disclosures
Taiwan FSC Proposes Rule Changes to Improve Insurers’ ESG Disclosures
27/02/2024
Insurers will have until 1 January 2025 to establish internal control systems for the management and disclosure of sustainable information.
Supervision & Enforcement
Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure
27/02/2024
TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.
Market Abuse
Vietnam Police Recommend Prosecution of HoSE, SSC Officials
27/02/2024
A total of 51 suspects including officials are accused of market manipulation, fraud, abuse of power, and dissemination of false information.
Anti-Money Laundering
DOJ Proposes Stricter Bond Conditions for Binance Founder
27/02/2024
Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.
Credit Risk
Korean Regulators Warn of Risks from Overseas Property Investments
26/02/2024
The FSS said the domestic impact is expected to be minimal, but urged financial firms to enhance their loss absorption capabilities.
Market Abuse
CSRC Vows to Crack Down on Listed Company Misconduct
26/02/2024
The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.
Emerging Prudential Risks
BSP Report Highlights Systemic Risk from Optimism Bias
26/02/2024
The central bank warns of systemic risks from optimistic market expectations in its 2023 Financial Stability Report.
Supervision & Enforcement
SkyCity Adelaide Faces A$33M Penalty for Casino Tax Dispute
26/02/2024
SkyCity estimates it owes about A$13mn in back taxes dating back to 2014. Penalty interest could amount to as much as A$20mn.
Anti-Money Laundering
UK FCA Probes Lloyds Banking Group Over AML Controls
26/02/2024
Lloyds said it is cooperating with the investigation and it is “not currently possible” to estimate the potential financial impact, if any.
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