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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    Clearing & Post-Trade

    Australia Treasury Seeks Feedback on Clearing and Settlement Services Rules

    16/01/2024

    The draft regulations will specify the classes of clearing and settlement services that are subject to ASIC’s rules and the CCA’s arbitration regime.

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    Conduct, Culture & Accountability

    Former Wyelands Bank CEO Fined, Banned by UK PRA

    16/01/2024

    Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.

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    Capital Adequacy

    EBA Deems BNP Paribas Capital Instruments Ineligible

    15/01/2024

    Perpetual bonds, also known as “discos”, have a complex structure that could hamper the resolution of the bank in a crisis, the EBA said.

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    Cybersecurity

    China Orders Banks, Insurers to Tighten Cyber, Data Security

    15/01/2024

    Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

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    Anti-Money Laundering

    Crypto Firms Lead Surge in AML Fines: Report

    15/01/2024

    Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

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    Credit Risk

    China Sets Up Coordination Mechanism for Real Estate Financing

    13/01/2024

    The new mechanism aims to address financing difficulties in the real estate sector through regular assessment and communication among stakeholders.

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    KYC & CDD

    Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

    12/01/2024

    The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.

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    Cryptocurrency

    FINRA Report Describes Crypto-related Compliance Risks

    12/01/2024

    FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

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    Structural Regulation

    Korea’s FTC Probes Four Banks for Secured Loan Collusion

    11/01/2024

    The banks have been accused of maintaining similar terms and conditions to avoid price wars and maximise profits.

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    Cybersecurity

    US SEC to Investigate False Tweet on Bitcoin ETF Approvals

    09/01/2024

    US SEC claims official X account was hacked, posting a false tweet about approving bitcoin ETFs, causing a brief surge and crash in bitcoin price.

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