Posts By Sanday Chongo Kabange, Regulation Asia
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269NZ FMA Publishes Guidance on New Conduct Licensing Regime
Sanday Chongo Kabange, Regulation Asia December 4, 2022The FMA will begin accepting licence applications on 25 July 2023. The new CoFi regime will come into force in early 2025.
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293FSC Korea to Ease Regulations to Lure Global Investors
Sanday Chongo Kabange, Regulation Asia November 30, 2022Foreign investors will no longer need to register their identities prior to investing in Korean stocks. The dividend-payment process is also being revised.
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280APRA to Intensify Industry Scrutiny Following Medibank Hack
Sanday Chongo Kabange, Regulation Asia November 30, 2022APRA to intensify supervision of all entities not meeting CPS 234. Medibank executive pay could be impacted.
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235Australia Offers Three Options for Regulating BNPL Providers
Sanday Chongo Kabange, Regulation Asia November 29, 2022The options seek to ensure BNPL is subject to appropriate regulation that balances consumer protection while still encouraging innovation.
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339HKEX Publishes Latest Findings from Review of ESG Disclosures
Sanday Chongo Kabange, Regulation Asia November 29, 2022HKEX said it is currently reviewing its ESG framework with a focus on enhancing climate disclosures amongst issuers.
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412BOJ to Involve Banks in CBDC Testing Around April 2023
Sanday Chongo Kabange, Regulation Asia November 28, 2022The BOJ's next phase of CBDC testing will involve Japan's three megabanks as well as regional banks. A digital yen could be issued in 2026.
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537HKMA, Cyberport Host Third AML Regtech Lab
Sanday Chongo Kabange, Regulation Asia November 25, 2022The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.
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416IMF Shines Spotlight on Benefits of Instant Payments
Sanday Chongo Kabange, Regulation Asia November 24, 2022The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.
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352Thailand Eases Rules for FX Business Operators
Sanday Chongo Kabange, Regulation Asia November 24, 2022The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
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293Korea to Boost Credit Availability for Low-credit Borrowers
Sanday Chongo Kabange, Regulation Asia November 23, 2022The FSC will lower the regulatory burden on lenders so they can expand the supply of credit to lower income and low-credit borrowers.
