Sanday Chongo Kabange

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    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

    Market Infrastructure

    Hainan to Pilot Cross-Border Asset Management Trials

    06/09/2021

    Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.

    Big Picture

    WEF Paper Calls for Balanced Approach to Crypto Regulation

    06/09/2021

    Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.

    Market Infrastructure

    APRA Issues Response on Bank Data Disclosure Regime

    04/09/2021

    APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.

    ASIC Offer Guidance on New Complaints Handling Obligations

    03/09/2021

    ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.

    Securities / Derivatives

    HKEX Identifies Compliance Deficiencies by Exchange Participants

    03/09/2021

    In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.

    Fintech / Regtech

    BIS, Four Central Banks Partner to Test Cross-Border CBDC Use

    03/09/2021

    The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.

    S. Korea Bans Payment Monopolies in App Stores

    02/09/2021

    South Korea is the first country to pass legislation forcing companies like Apple and Google to offer payment alternatives in their app stores.

    Australian Industry Bodies to Standardise Advice Fee Disclosures

    01/09/2021

    The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.

    Securities / Derivatives

    Australia Issues Consultation to Finalise CCIV Regime

    31/08/2021

    The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.

    APRA Confirms Approach to New Credit Risk Reporting Standard

    31/08/2021

    APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.

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