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
Big Picture
US Move to T+1 Settlement Poses Systemic Risk to Europe
20/03/2024
EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.
ECB, EBA Form Joint Committee to Streamline Bank Reporting
19/03/2024
The committee will create a common data dictionary, which will standardise concepts and definitions across new and existing reports.
Enforcement
US DOJ Proposes 50 Year Prison Term for FTX Founder
19/03/2024
Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.
Big Picture
Emerging Tech is Raising Cyber Risk in Financial Industry – Report
18/03/2024
A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.
Enforcement
China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs
18/03/2024
A criminal probe against Zhonzhi was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.
Enforcement
US DOJ Probes Adani Group Over Potential Bribery Allegations
18/03/2024
The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.
AML / KYC
UK Drafts ‘Debanking’ Law in Wake of NatWest Controversy
18/03/2024
HM Treasury has proposed legislation that aims to protect consumers from arbitrary financial exclusion based on political views.
Big Picture
BIS Paper Calls for Stronger Oversight of Non-bank Retail Lenders
17/03/2024
The paper proposes a three-pronged regulatory approach to help guide the prudential oversight of NBFI retail lenders and mitigate risks.
Fintech / Regtech
Artificial Intelligence Act Passed by European Parliament
15/03/2024
Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.
Enforcement
Global Leaders Announce International Pact to Combat Fraud
14/03/2024
The new international agreement includes the G7 and Five Eyes nations, along with Singapore and South Korea.
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