Posts By Sanday Chongo Kabange, Regulation Asia
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645APRA to Survey Regulated Entities on Climate Risk Management
Sanday Chongo Kabange, Regulation Asia March 3, 2022The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.
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832Cambridge CCAF Launches Crypto Research Project
Sanday Chongo Kabange, Regulation Asia March 3, 2022The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.
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912Eight SPACs Have Filed IPO Applications in Hong Kong
Sanday Chongo Kabange, Regulation Asia March 3, 2022The first applicant, backed by CMB International, has been approved. The latest applicant is a SPAC majority owned by ex-HKMA chief Norman Chan.
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597ESMA Consults on Climate Risk Stress Testing Approach for CCPs
Sanday Chongo Kabange, Regulation Asia March 2, 2022ESMA has identified four elements of climate risk that may adversely impact CCPs - physical risk, rapid transition risk, business risk, and collateral replacement risk.
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1.5KUS Regulators Fine National Bank of Pakistan $55m for AML Violations
Sanday Chongo Kabange, Regulation Asia March 1, 2022National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
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792RBI Directs Selected NBFCs to Centralise Core Systems
Sanday Chongo Kabange, Regulation Asia March 1, 2022Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.
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777PBOC Allows Merchants to Continue Using Personal QR Codes
Sanday Chongo Kabange, Regulation Asia February 28, 2022Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.
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364US Fed Approves New Trading Rules for Senior Officials
Sanday Chongo Kabange, Regulation Asia February 28, 2022The rules aim to support public confidence in the impartiality and integrity of the FOMC's work by guarding against "even the appearance of any conflict of interest".
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779Russia Considers Framework for Regulating Cryptocurrencies
Sanday Chongo Kabange, Regulation Asia February 25, 2022The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.
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574FSC Korea to Tighten IPO Lockup Rules Starting in March
Sanday Chongo Kabange, Regulation Asia February 24, 2022A staggered lockup contracts system will be introduced to avoid sell orders being concentrated immediately after the end of the usual six-month lockup period.
