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
Capital Adequacy
SFC Fines Brokerage for Breaching Financial Resources Rules
19/12/2023
Central Wealth Securities Investment made various accounting and calculation errors in its financial returns and had a liquid capital deficit for eight months.
Anti-Money Laundering
Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors
19/12/2023
The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.
Trading & Investment
JPX Prepares for New NISA Launch in 2024
19/12/2023
JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.
CBDCs
BOK Partners with LG Unit to Develop CBDC System
19/12/2023
The platform will enable authorities to jointly test the feasibility of a CBDC, which BOK governor Rhee Chang-yong says is ‘essential’ to the future of finance.
Cryptocurrency
Korea Showing Leadership on Crypto Assets, Says IMF Head
18/12/2023
Korea is showing leadership by amending its AML law and setting up new legislation on crypto assets, said the IMF’s Kristalina Georgieva.
Cryptocurrency
FASB Issues Standards to Implement ‘Fair Value’ Accounting for Crypto
18/12/2023
Fair value accounting allows firms to provide a clearer view of their financial position and the actual economic value of their crypto holdings.
Structural Regulation
Mainland Officials Meet With HK Bankers to Discuss Challenges
15/12/2023
Officials met with Hong Kong bankers this week to seek their views on improving the city’s competitiveness.
Payments & Settlements
Indonesia, Korea Finalise Rules for Local Currency Transactions
14/12/2023
The two countries unveil operational guidelines that will implement a local currency transactions framework in 2024.
Reporting & Disclosures
Bursa Malaysia Tops Asia in Gender Equality on Boards
14/12/2023
Bursa Malaysia has been ranked as Asia’s top exchange for gender equality in corporate boardrooms by the UN SSE and IFC.
Credit Risk
US Regulator Issues New Guidance on BNPL Lending
12/12/2023
The OCC sets out risk management principles and compliance expectations for banks that offer BNPL loans to consumers.
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