Posts By Sanday Chongo Kabange, Regulation Asia
-
99Australian Court Fines NAB Over Fee Disclosure Statements
Sanday Chongo Kabange, Regulation Asia August 27, 2021NAB charged fees for personal advice without providing customers fee disclosure statements, providing them late, or containing false misleading information.
-
113APRA Releases Response Letter on Treatment of Covid Loans
Sanday Chongo Kabange, Regulation Asia August 27, 2021APRA is extending the time period for temporary adjustments to APS 220 so that loans granted repayment deferrals from 8 July until 30 September are covered.
-
161Bank Indonesia Issues Framework for Open Banking
Sanday Chongo Kabange, Regulation Asia August 27, 2021Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
-
106Westpac Subsidiaries Fined for Breaching Best Interests Duty
Sanday Chongo Kabange, Regulation Asia August 26, 2021Westpac Securities Administration and BT Funds Management were fined for failing to act in their clients' best interests in a case that dates back to 2016.
-
206SEC Directs Chinese Firms to Issue Disclosures on VIE Structures
Sanday Chongo Kabange, Regulation Asia August 26, 2021Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.
-
185Taiwan FSC Tightens Rules to Prevent Thefts of Client Money
Sanday Chongo Kabange, Regulation Asia August 26, 2021Banks have until 1 January to comply with the new rules, which seek to prevent the theft of client money by customer relationship managers.
-
183RBI Panel Proposes New Regulatory Framework For UCBs
Sanday Chongo Kabange, Regulation Asia August 26, 2021The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.
-
146Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports
Sanday Chongo Kabange, Regulation Asia August 25, 2021Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.
-
152China Suspends Over 40 IPOs Amid CSRC Regulatory Probe
Sanday Chongo Kabange, Regulation Asia August 25, 2021The CSRC is investigating a broker, a law firm, an asset appraisal firm, and accounting firm over their alleged involvement in share sales.
-
194BOT Confirms Plans to Pilot Retail CBDC in Q2 2022
Sanday Chongo Kabange, Regulation Asia August 25, 2021The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.
