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
ASX Releases Reports on CHESS System to ASIC, RBA
06/06/2023
ASX to keep CHESS operational until at least 2032. ASIC said it is prepared to take regulatory action to ensure ASX complies with its regulatory obligations.
Fintech / Regtech
RBI Consults on Cyber Resilience Guidelines for Payment System Operators
06/06/2023
The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.
Market Infrastructure
Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay
06/06/2023
The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.
Market Infrastructure
Philippine SEC Approves Plans to Introduce Short Selling – Report
06/06/2023
The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.
Crypto / Digital Assets
Crypto.com Receives Licence to Offer Crypto Services in Singapore
06/06/2023
CEO Kris Marszalek said Crypto.com is proud to receive a licence from a regulator that “prioritises consumer protection, safety and security”.
ESG / Sustainability
SET Amends Listing Rules to Expand Access to Capital Market
06/06/2023
The rule change relaxes earlier limitations that only allowed BCG (Bio-Circular-Green) companies promoted by the government to tap into the capital market.
Enforcement
ASIC Reviewing Product Governance of BNPL Providers
05/06/2023
ASIC issued an interim stop order against a BNPL product but revoked the order a day later due to “immediate corrective action” by the provider.
Fintech / Regtech
Updated ePayments Code Takes Effect in Australia
05/06/2023
The updated ePayments Code strengthens protections for consumers and obliges banks to help customers recover money that has been transferred in error.
Fintech / Regtech
InvestHK Launches 2023 Fintech Fast Track Programme
05/06/2023
13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.
AML / KYC
FIs Must ‘Strictly’ Perform CDD on DNFBP Clients, BSP Says
04/06/2023
CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.
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