Posts By Sanday Chongo Kabange, Regulation Asia
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1.4KThailand SEC Revises Net Capital Rules to Bolster Liquidity
Sanday Chongo Kabange, Regulation Asia November 22, 2020The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.
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1.4KBOK, FSC Clash Over Supervisory Authority in Fintech, Payments
Sanday Chongo Kabange, Regulation Asia November 21, 2020The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.
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1.1KVietnam Working to Allow Cooperation With Foreign Firms in Payments
Sanday Chongo Kabange, Regulation Asia November 21, 2020Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
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941BSP Seeks Interoperability, Unified Standard in Payments
Sanday Chongo Kabange, Regulation Asia November 21, 2020BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
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680FSC Korea Threatens to Withdraw Incentives for Internet-only Banks
Sanday Chongo Kabange, Regulation Asia November 20, 2020The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.
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Thailand Proposes Compulsory ESG Training for Capital Market Personnel
Sanday Chongo Kabange, Regulation Asia November 20, 2020Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
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669Australian Police Charge Ex-Promoter of Failed Crypto Platform
Sanday Chongo Kabange, Regulation Asia November 20, 2020The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.
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818Taishin Bank Employee Arrested in Taiwan for Embezzlement
Sanday Chongo Kabange, Regulation Asia November 19, 2020The employee allegedly misappropriated over $10.5mn. The FSC described the case as “the biggest embezzlement case in Taiwan's banking history".
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468ASIC Drafts Reference Checking Protocol for Advisers, Mortgage Brokers
Sanday Chongo Kabange, Regulation Asia November 19, 2020The Royal Commission recommended that reference checks be required for individuals seeking to be employed or authorised as a financial adviser or mortgage broker.
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ASIC Consults on Barriers to Good Quality Affordable Personal Advice
Sanday Chongo Kabange, Regulation Asia November 19, 2020ASIC is looking to better understand the barriers to providing good quality and affordable advice and help the industry provide such advice more broadly.
