Posts By Sanday Chongo Kabange, Regulation Asia
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38US SEC Warns of Misleading Statement Regarding ESG Investing
Sanday Chongo Kabange, Regulation Asia April 15, 2021Many financial firms may be offering ESG products only because it is lucrative to do so, says SEC commissioner Hester Peirce.
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29BaFin Faces Criminal Probe Over Wirecard Response
Sanday Chongo Kabange, Regulation Asia April 15, 2021BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.
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US SEC Identifies Accounting Issues with SPAC Listings
Sanday Chongo Kabange, Regulation Asia April 15, 2021Some warrants issued to early SPAC investors may have been recorded as equity instruments when they should have instead been recorded as liabilities.
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20China: SAFE Approves $5b in QDLP Quotas for Hainan
Sanday Chongo Kabange, Regulation Asia April 15, 2021The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
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154Nomura Establishes Internal Team to Probe Archegos Loss
Sanday Chongo Kabange, Regulation Asia April 14, 2021Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
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126New TSE Chief Eyes ESG Focus In Reorganisation Plan
Sanday Chongo Kabange, Regulation Asia April 13, 2021Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.
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75JD Digits to Set Up Financial Holding Company: Report
Sanday Chongo Kabange, Regulation Asia April 13, 2021The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
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107China to Open Foreign Access to Hainan Financial Services Sector
Sanday Chongo Kabange, Regulation Asia April 13, 2021Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
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64Thailand SEC Amends Rules for Capital Market Auditors
Sanday Chongo Kabange, Regulation Asia April 13, 2021The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.
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86Shenzhen Stock Exchange Merges Main, SME Boards
Sanday Chongo Kabange, Regulation Asia April 10, 2021The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.
