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
ESG / Sustainability
S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2
28/03/2024
The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.
Enforcement
PwC Faces Scrutiny Over Evergrande’s Fraudulent Accounting
26/03/2024
Insolvency practitioners say Evergrande liquidators in Hong Kong could pursue PwC for compensation as part of their efforts to recover assets for creditors.
Enforcement
ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly
26/03/2024
ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.
Capital / Liquidity
China’s NFRA Proposes Updated Rules for Syndicated Loans
26/03/2024
The revised rules aim to encourage banks to develop their syndicated loan business, activate a secondary market for such loans, and promote fair and transparent pricing.
Big Picture
ESMA Publishes Industry Feedback on Adoption of T+1 in Europe
26/03/2024
The feedback was mixed. ESMA will seek to better understand the suitability, costs and benefits of a shorter settlement cycle and publish a final report by Jan 2025.
Fintech / Regtech
Australia’s High Value Clearing System Has Adopted ISO 20022
25/03/2024
The transition was one of the “largest and most complex programmes of work AusPayNet has undertaken to date in-house,” said CEO Andy White.
Enforcement
CSRC Conducts Surprise Inspections of Fund Companies – Reports
25/03/2024
State media says it is not uncommon for regulators to conduct irregular inspections of fund companies, especially to promote good governance.
Enforcement
US PCAOB Penalises Three Partners of KPMG’s Chinese Affiliate
25/03/2024
The three partners violated PCAOB standards in connection with their audit of the Chinese education company in 2017.
Enforcement
FSS Korea Cracks Down on Unfair Debt Collection Practices
23/03/2024
The FSS uncovered a series of abuses by loan companies and debt collectors through inspections conducted in the first quarter of this year.
Market Infrastructure
China Unveils 24-point Action Plan to Boost Foreign Investment
23/03/2024
Measures include expanded access to bank card clearing, commercial pension, health insurance, bond underwriting, treasury bond futures, and private equity business.
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