Posts By Sanday Chongo Kabange, Regulation Asia
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152Hong Kong Makes Fixed-Rate Mortgage Scheme Permanent
Sanday Chongo Kabange, Regulation Asia November 2, 2021The scheme was announced as a pilot in the 2020-2021 budget and extended last November. Fixed-rate mortgage loans totalling around HKD 400 million have so far been approved.
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299FSC Korea Pledges to Support Digital Transformation of Banks
Sanday Chongo Kabange, Regulation Asia October 31, 2021FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.
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223S. Korea Unveils More Measures to Contain Household Debt
Sanday Chongo Kabange, Regulation Asia October 29, 2021Among the measures, the FSC will monitor how banks are applying suitability and adequacy principles in their lending, and impose fines for violations.
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165HK Passes Legislation to Expand FRC’s Regulatory Functions
Sanday Chongo Kabange, Regulation Asia October 28, 2021The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.
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148Breakthrough Decarbonisation Tech Urgently Needs Financing – WEF
Sanday Chongo Kabange, Regulation Asia October 28, 2021The mobilisation of finance to breakthrough technologies represents the "only viable path forward" to avoid irreversible damage to the planet, the WEF says.
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199RBNZ Outlines Action Plan for Addressing Climate Risks
Sanday Chongo Kabange, Regulation Asia October 27, 2021The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.
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203FSC Korea to Launch New Initiative to Boost Microfinance
Sanday Chongo Kabange, Regulation Asia October 27, 2021The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.
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325HK Financial Sector Calls for Easing of Covid Restrictions
Sanday Chongo Kabange, Regulation Asia October 26, 2021Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.
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193HKMA Amends Requirements on Share Margin Financing
Sanday Chongo Kabange, Regulation Asia October 25, 2021The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.
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339New Zealand Passes Climate Reporting Legislation in World First
Sanday Chongo Kabange, Regulation Asia October 25, 2021Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.
