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
Credit Risk
Korean Regulators to Conduct 'Frequent Monitoring' of Private Credit Exposures
28/05/2026
Regulators have announced enhanced monitoring of the rapidly growing asset class, citing global concerns, but assess the current risk to the financial system as manageable.
Operational Risk
Australia Court Fines Westpac A$26 Million for Hardship Notice Failures
28/05/2026
The Federal Court of Australia has penalised Westpac for “grossly negligent” system failures that left vulnerable customers without assistance for years.
Structural Regulation
Australia Finalises Three-Tiered Prudential Framework for Banks
28/05/2026
APRA has formalised a three-tiered framework for banks, creating a new top tier and raising the threshold for 'significant' institutions to enhance proportionality.
Cryptocurrency
Korea to Mandate Reporting for Cross-Border Crypto Transactions
28/05/2026
New amendments to the Foreign Exchange Transactions Act will require virtual asset service providers to register and report all cross-border transfers to the central bank.
Cryptocurrency
Hong Kong Finalises Rules for Retail Funds’ Crypto and Staking Activities
28/05/2026
The SFC has detailed requirements for authorised funds to invest in spot virtual assets and engage in staking, while clarifying the treatment of licensed stablecoins.
Supervision & Enforcement
SFC Bans Former Compliance Head for Life for Misconduct
28/05/2026
The former responsible officer and compliance head was found culpable in a scheme that misused client funds and repeatedly misled the regulator.
Alternative Markets
Taiwan Pushes for Asset Management Overhaul to Compete as Regional Hub
28/05/2026
The FSC is urging the local asset management industry to scale up, outlining regulatory reforms to attract capital and compete with international rivals.
Custody & Infrastructure
Hong Kong Finalises Rules for Virtual Asset Advisory and Management
27/05/2026
New licensing regimes will align with existing securities rules, with a bill expected with this year completing the city’s core digital asset framework.
Trading & Investment
Taiwan Drafts Rules to Widen Onshore Access to Offshore Funds
27/05/2026
The FSC has proposed new rules allowing local investment firms to sell certain offshore funds to professional and high-asset clients.
Sustainable Finance
Korea FSS Launches First Review of Social Finance Operations at Banks
27/05/2026
The FSS has launched its first-ever review of banks' social finance operations, amid a broader government push for greater social responsibility.
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