Mark Johnston

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    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

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    Market Infrastructure

    UK Authorities Issue Statement on Upcoming Cessation of USD LIBOR Panel

    13/04/2023

    The statement emphasises the importance of active transition and reminds participants that synthetic LIBOR can only be used as a temporary bridging tool.

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    Big Picture

    BIS Bulletin Examines Stablecoins and Tokenised Deposits

    12/04/2023

    A new BIS bulletin says private tokenised money should be configured appropriately to ensure “singleness of money”.

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    AML / KYC

    EU-Funded Report Explores Crypto Use in Darknet Markets

    12/04/2023

    Law enforcement needs training, resources, technology and cooperation to effectively investigate darknet markets, which grew 469-fold between 2011 and 2020.

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    Big Picture

    Report Examines Policy Implications of US Bank Bailouts

    11/04/2023

    Congressional Research Service report examines policy issues raised by the systemic risk exception invoked for SVB and Signature Bank.

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    AML / KYC

    Binance.US Struggling to Secure Banking Services – Report

    08/04/2023

    Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.

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    Securities / Derivatives

    US SEC Asked for Views on Whether Loans are Securities

    07/04/2023

    Court’s request for SEC’s view has sparked concerns of increased regulation pressure on loan market.

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    Enforcement

    UK Steel Traders Jailed for $500m Trade Finance Fraud

    05/04/2023

    Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.

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    Sanctions

    US State-Level Sanctions Imposed on Foreign Adversaries

    04/04/2023

    More than a dozen US states already restrict or prohibit foreign ownership of and investments in private agricultural land.

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    AML / KYC

    EBA Drafts Amendments to AML Guidance to Account for Crypto Risks

    29/03/2023

    The amendments are part of efforts to implement MiCA, which is due to be voted on in April.

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    Enforcement

    ESMA Fines S&P Global Ratings for Breaching CRA Rules

    24/03/2023

    S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.

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