Posts By Sanday Chongo Kabange, Regulation Asia
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526Hong Kong FRC Consults on New Regulatory Powers
Sanday Chongo Kabange, Regulation Asia March 10, 2022The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
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567Hong Kong Balance of Risks Tilted to the Downside: IMF
Sanday Chongo Kabange, Regulation Asia March 10, 2022The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
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727Korea FSS Asks Banks to Increase Bad Debt Reserves
Sanday Chongo Kabange, Regulation Asia March 10, 2022The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
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755CSA Singapore to Update Cybersecurity Act, Code of Practice
Sanday Chongo Kabange, Regulation Asia March 10, 2022The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
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567FSC Korea Revises Corporate Governance Disclosure Rules
Sanday Chongo Kabange, Regulation Asia March 9, 2022The revisions will require companies to provide additional disclosures in relation to business split-offs and internal transactions with affiliated firms.
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547BOT Extends Deadline for PayPal’s AML Compliance to Year-End
Sanday Chongo Kabange, Regulation Asia March 8, 2022PayPal was scheduled to suspend most services for Thai consumers from 7 March as part of a relaunch of its services to comply with local regulations.
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571Indian Police Arrest Former NSE Head Chitra Ramkrishna
Sanday Chongo Kabange, Regulation Asia March 8, 2022The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE's HR department to hire him.
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696BCBS Expresses Concerns About Credit Risk Uncertainty
Sanday Chongo Kabange, Regulation Asia March 8, 2022Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.
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670KoFIU Directs Crypto Exchanges to Improve AML Staffing
Sanday Chongo Kabange, Regulation Asia March 5, 2022The proportion of staff dedicated to AML compliance at Korea's crypto exchanges stands at around 8 percent.
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5241MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe
Sanday Chongo Kabange, Regulation Asia March 4, 2022The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.
