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
RBNZ Issues First Non-Bank Deposit Taker Licence in 8 Years
10/01/2025
The RBNZ granted the licence to Welcome Limited, which plans to offer higher deposit rates than banks and more flexible mortgage solutions
Fintech / Regtech
HKMA Launches Supervisory Incubator to Promote Responsible DLT Adoption
09/01/2025
The incubator provides banks a one-stop platform for obtaining supervisory feedback on DLT-related proposals and the option to conduct live trials.
Market Infrastructure
Hong Kong Announces Enhancements to New Immigration Scheme for Investors
09/01/2025
Christopher Hui said the enhancement measures will encourage more participation and create synergy with the tax concession regime for family offices.
Enforcement
SFC Imposes Lifetime Ban on Former StanChart Insurance Rep
08/01/2025
Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments
Fintech / Regtech
HKMA Calls on Banks to Participate in Cyber Intelligence Platform
03/01/2025
The HKMA welcomed enhancements to the Platform announced by HKAB and called on banks to actively participate in the initiative.
Australia Publishes Ministerial Rules to Implement Global Minimum Tax
23/12/2024
Treasurer Jim Chalmers said the ministerial rules will ensure multinational corporations operating in Australia pay their “fair share of tax”.
Fintech / Regtech
HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI
22/12/2024
HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.
Market Infrastructure
HKMA Requiring Banks to Develop Capability to Switch Between CRAs
20/12/2024
Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025
Fintech / Regtech
HKMA Announces First Batch of GenAI Sandbox Participants
20/12/2024
15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.
ESG / Sustainability
HKEX Welcomes Large Carbon Credit Transaction by Cathay Pacific
20/12/2024
Christopher Hui said the transaction sets a benchmark example for more transactions on HKEX’s Core Climate platform to follow.
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