Posts By Sanday Chongo Kabange, Regulation Asia
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212FSC Korea Consults on Enforcement of New Consumer Protection Law
Sanday Chongo Kabange, Regulation Asia October 30, 2020The key enforcement proposals relate to consumer rights, the types of firms under scope, and the reach of the new legislation, and the penalties that can be imposed.
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669BSP to Stimulate SME Lending with New Credit Risk Database
Sanday Chongo Kabange, Regulation Asia October 29, 2020The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
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1.0KBIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End
Sanday Chongo Kabange, Regulation Asia October 28, 2020CBDC research provides an "essential opportunity" to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
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587PBOC Issues Draft Law Aimed at Modernising Central Bank System
Sanday Chongo Kabange, Regulation Asia October 28, 2020The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
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283DCE Solicits Opinions on Amended RBD Palm Olein Futures Rules
Sanday Chongo Kabange, Regulation Asia October 27, 2020The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE's RBD palm olein futures market.
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393Australia: New Report Proposes Changes to Financial Advice Rules
Sanday Chongo Kabange, Regulation Asia October 27, 2020The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
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487Singapore Police Charge Ex-Remisier with Criminal Breach of Trust
Sanday Chongo Kabange, Regulation Asia October 26, 2020Over six years, an 86-year-old client entrusted money to the remisier for the purposes of buying shares but no shares were ever purchased.
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1.0KFSC Korea Designates KFTC to Manage P2P Financing Data
Sanday Chongo Kabange, Regulation Asia October 26, 2020The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
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522CSRC Green-lights Launch of International Copper Futures Contract
Sanday Chongo Kabange, Regulation Asia October 26, 2020The new copper futures contract will be traded on Shanghai's International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.
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472Hong Kong ICAC Charges Two Former AIA Agents With Fraud
Sanday Chongo Kabange, Regulation Asia October 26, 2020A former district manager and former insurance agent each face one count of fraud in separate cases for submitting false income proof statements.
