Posts By Sanday Chongo Kabange, Regulation Asia
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1.1KASIC Secures A$10m in Refunds for Customers from Allianz
Sanday Chongo Kabange, Regulation Asia November 4, 2020Up to 31,000 consumers have been remediated for misconduct relating to the sale of travel insurance through Allianz’s own website and those of its partners.
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696Korea Exchange Joins and Declares Support for TCFD
Sanday Chongo Kabange, Regulation Asia November 3, 2020KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.
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834PBOC to Scrap Market Maker Approval Process in Interbank Market
Sanday Chongo Kabange, Regulation Asia November 2, 2020The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.
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677IFSCA Approves Bullion Trading Regulations for Gift City
Sanday Chongo Kabange, Regulation Asia November 2, 2020The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.
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588FSC Korea Consults on Enforcement of New Consumer Protection Law
Sanday Chongo Kabange, Regulation Asia October 30, 2020The key enforcement proposals relate to consumer rights, the types of firms under scope, and the reach of the new legislation, and the penalties that can be imposed.
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1.1KBSP to Stimulate SME Lending with New Credit Risk Database
Sanday Chongo Kabange, Regulation Asia October 29, 2020The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
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1.5KBIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End
Sanday Chongo Kabange, Regulation Asia October 28, 2020CBDC research provides an "essential opportunity" to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
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PBOC Issues Draft Law Aimed at Modernising Central Bank System
Sanday Chongo Kabange, Regulation Asia October 28, 2020The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
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454DCE Solicits Opinions on Amended RBD Palm Olein Futures Rules
Sanday Chongo Kabange, Regulation Asia October 27, 2020The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE's RBD palm olein futures market.
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607Australia: New Report Proposes Changes to Financial Advice Rules
Sanday Chongo Kabange, Regulation Asia October 27, 2020The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
