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
Conduct, Culture & Accountability
ASIC Tweaks Reportable Situations Regime to Reduce Industry Burden
20/10/2023
Certain breaches will no longer be automatically reportable if they meet certain criteria, like if they impact only one person or don’t cause any financial loss or damage.
Liquidity Risk
South Korea Postpones Plan to Increase LCR Requirement
20/10/2023
The FSC has decided to retain a 95 percent LCR requirement until June 2024. Earlier the LCR was expected to increase at year-end.
Clearing & Post-Trade
Canada to Allow T+1 Settlement Cycle for Mutual Funds
20/10/2023
CSA seeks feedback on amendments to allow mutual funds to voluntarily adopt T+1 settlement for subscription and redemption.
Cryptocurrency
Korea FSS Developing Rules to Implement Virtual Asset Law
20/10/2023
Regulations to implement the Virtual Asset Users Protection Act, which was passed in June, will be ready by January 2024.
CBDCs
ECB Launches Two-Year Preparation Phase for Digital Euro
20/10/2023
The ECB said its Governing Council will decide after the two year preparation phase whether to proceed to the next stage.
Resolution & Recovery
BIS General Manager Outlines Crisis Management Lessons from Bank Failures
19/10/2023
In a speech, Agustín Carstens reviewed the key features and outcomes of the interventions by the US and Swiss authorities to manage bank failures.
Supervision & Enforcement
Korean Banks Face Increasing Penalties in Foreign Jurisdictions – Report
19/10/2023
Korea’s four largest banks have seen a 180-fold increase in fines and penalties imposed by foreign authorities in the past three years.
Cybersecurity
Lloyd’s Simulates $3.5tr Cyber Attack on Financial System
19/10/2023
Lloyd’s published a scenario that simulates a cyber attack that would cause $3.5tr in global economic losses over five years.
Cybersecurity
ASIC Warns Firms of Third-Party Cyber Risk
19/10/2023
44 percent of respondents to an ASIC survey indicated that they did not manage third-party or supply chain risk.
Trading & Investment
More Chinese SOEs Move to Support Stock Market
18/10/2023
SOEs are buying back shares and withdrawing share sale plans. Goldman expects a recovery rally towards year-end.
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