Posts By Sanday Chongo Kabange, Regulation Asia
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306HKMA Finalises Guidance on Implementing OCIR Arrangements
Sanday Chongo Kabange, Regulation Asia November 9, 2021In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
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HKMA Issues New Code of Practice for Banks’ Trust Business
Sanday Chongo Kabange, Regulation Asia November 8, 2021Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.
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274Multi CBDC Bridge Project Moves to Test New Use Cases
Sanday Chongo Kabange, Regulation Asia November 7, 2021The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.
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248PBOC Governor Calls for Stricter Laws to Protect Data
Sanday Chongo Kabange, Regulation Asia November 5, 2021PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.
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305CBA to Become First Major Aussie Bank to Offer Crypto Trading
Sanday Chongo Kabange, Regulation Asia November 5, 2021CBA will offer customers the ability to buy, sell and hold crypto assets directly through its ‘CommBank’ app, which is currently used by close to six million customers.
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148APRA Finds Underperformance Among Choice Super Products
Sanday Chongo Kabange, Regulation Asia November 5, 2021APRA plans to release its first Choice Product Heatmap in late 2021, following from its launch of the MySuper Product Heatmap in December 2019.
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333HKMA Unveils New Measures to Achieve Fintech Vision
Sanday Chongo Kabange, Regulation Asia November 4, 2021Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.
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332Hong Kong Virtual Assets Regime Under Review: SFC
Sanday Chongo Kabange, Regulation Asia November 4, 2021The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.
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388Emerging Markets Rapidly Progressing Sustainable Finance Frameworks
Sanday Chongo Kabange, Regulation Asia November 4, 2021The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.
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392US Regulators Call for Powers to Regulate Stablecoins
Sanday Chongo Kabange, Regulation Asia November 3, 2021US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.
