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
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.
Resolution & Recovery
BOE’s Woods Outlines Banking Reforms Under Consideration
18/10/2023
The BOE is exploring options for maintaining access to deposits in small-bank resolutions, and refining subsidiarisation rules for foreign banks.
Operational Risk
Kakao Faces Possible Class Action Over Data Centre Fire
18/10/2023
Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.
Cryptocurrency
ASIC Chair Stresses Need for Strong Regulation in Crypto
18/10/2023
ASIC chair Joe Longo was speaking hours after the launch of a new consultation paper on the future regulation of crypto service providers.
Data Privacy
China Imposes Controls on Foreign Travel by State Employees – Report
18/10/2023
The restrictions, also imposed on bankers, are part of a campaign against foreign influence and the risks of espionage by foreign powers.
Payments & Settlements
CPMI Publishes Harmonised Data Requirements for ISO 20022
18/10/2023
The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.
Sustainable Finance
MAS Asks Firms to Pilot Transactions in “Transition Credits”
17/10/2023
Ravi Menon is seeking support from the industry to help develop transition credits that can be used to reduce the economic gap from retiring coal plants early.
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