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
Crypto / Digital Assets
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.
Crypto / Digital Assets
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.
Big Picture
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.
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.
Market Infrastructure
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.
Market Infrastructure
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.
Securities / Derivatives
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.
Capital / Liquidity
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.
Fintech / Regtech
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.
Crypto / Digital Assets
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.
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