Sanday Chongo Kabange
Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Articles by Sanday Chongo Kabange
Enforcement
Hong Kong Regulators Fines EFG Bank for Control Failures
12/12/2025
The SFC has cited EFG Bank for multi-year breaches in product due diligence, record-keeping, and reporting related to hundreds of bond products.
Enforcement
NZ FMA Censures Opes Group for Financial Advice Licence Breaches
12/12/2025
The FMA cited failings in record-keeping, conflict of interest management, and adviser oversight at the property investment firm.
Market Infrastructure
BCBS Publishes New Standard on Third-Party Risk Management
12/12/2025
The new global standard addresses growing dependency on third-party providers and sets a common baseline for banks and supervisors.
Enforcement
APRA Imposes Licence Conditions on Super Fund HESTA Over Service Disruption
11/12/2025
The action follows a prolonged outage that harmed members, with the regulator citing governance and risk management failures.
Securities / Derivatives
Philippines SEC Proposes Procedural Overhaul to Speed Up Case Handling
11/12/2025
The proposed changes prioritise electronic filing, limit procedural delays, and expand the regulator's powers to issue cease and desist orders.
Crypto / Digital Assets
Korea's Upbit Raises Cold Storage Ratio to 99pc After Hack
11/12/2025
The country's largest crypto exchange is moving nearly all customer assets offline in response to a major security breach and tightening regulatory scrutiny.
Fintech / Regtech
Philippine Regulators Partner on Retirement Savings Data Security
11/12/2025
The BSP and SEC will collaborate on data security and sharing for the country's personal retirement account system.
Crypto / Digital Assets
Japan Publishes Final Working Group Report on Future of Crypto Regulation
11/12/2025
The plans would bring crypto-assets under the securities law framework, introducing an insider trading ban and stricter rules for firms.
Enforcement
Australia Taps Super Sector to Cover Compensation Scheme Shortfall
11/12/2025
The government will impose a special levy on super funds and other financial firms, sparking industry backlash over the precedent.
Crypto / Digital Assets
Korea to Impose Bank-Level Liability on Crypto Exchanges After Hack
11/12/2025
Regulators are pushing for no-fault compensation and tougher penalties for crypto platforms following a multi-million dollar cybertheft at Upbit.
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