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.
Securities / Derivatives
Thailand SEC Overhauls Rules for Brokers Facing Capital Shortfalls
05/09/2025
The SEC says the new regulations establish a clear protocol for failing firms, including provisions for client asset transfers and a waiver for breaches caused by digital asset volatility.
Fintech / Regtech
South Korea to Impose Stricter Fines For IT Security Breaches
05/09/2025
The FSC will now levy separate penalties for each individual compliance failure, ending its practice of bundling related violations into a single fine.
Capital / Liquidity
Thailand SEC Eases Capital Requirements For Digital Asset Custodians
05/09/2025
The SEC has lowered capital requirements and set a zero-risk weighting for certain digital tokens to reduce costs and encourage domestic custody services.
Fintech / Regtech
Korea Launches High-Intensity Cyber Drill Across Financial Sector
05/09/2025
The FSS and FSI will conduct unannounced attacks over two months, expanding the scope to all financial firms and adding on-site infrastructure inspections.
ESG / Sustainability
Thailand's SEC Authorises Digital Asset Firms to Trade Tokenised Carbon Credits
05/09/2025
The SEC has amended rules for digital asset operators to support national green economy goals and promote the country as a carbon trading hub.
Fintech / Regtech
Australia Passes Law to Regulate Digital Wallets, BNPL Services
05/09/2025
The new legislation expands the RBA's oversight to new payment systems, including those operated by global tech companies.
Hong Kong MPFA Reviews Default Fund Rules for Ageing Workforce
04/09/2025
The MPFA is reviewing fee caps and de-risking mechanisms for its low-cost default investment option to meet the needs of the city's "silver economy".
Enforcement
Australian Senate Terminates Inquiry into Wealth Management Collapses
04/09/2025
Senate committee declines to resume inquiry into Dixon Advisory, prompting calls for renewed scrutiny amid fresh fund failures.
Fintech / Regtech
Korea FSS Urges Stronger Controls After Lotte Card Data Breach
04/09/2025
The FSS has called for tighter internal safeguards and expedited consumer protection following a data leak at Lotte Card that went undetected for 17 days.
ESG / Sustainability
New Zealand Proposes to Defer Key Climate Disclosures Deadlines
04/09/2025
The XRB is seeking feedback on extending exemptions for Scope 3 emissions and anticipated financial impact disclosures.
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