Posts By Sanday Chongo Kabange, Regulation Asia
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1.4KAustralian Banks Expand Use of Blockchain For Bank Guarantees
Sanday Chongo Kabange, Regulation Asia September 5, 2020ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.
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695Australia Passes Law to Allow Employees to Choose Super Fund
Sanday Chongo Kabange, Regulation Asia September 4, 2020The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.
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622Hong Kong ICAC Charges Two for Defrauding Four Banks
Sanday Chongo Kabange, Regulation Asia September 4, 2020An SME director and a former clerk allegedly conspired to defraud four commercial banks, the Trade and Industry Department, and Hong Kong Mortgage Corporation.
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365New US Exchange MEMX Postpones Launch for Additional Testing
Sanday Chongo Kabange, Regulation Asia September 4, 2020Wall Street-backed MEMX will begin trading in six symbols on 21 September before trading all National Market System stocks on 29 September.
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1.3KSeoul Police Raid Crypto Exchange Bithumb Over Fraud Allegations
Sanday Chongo Kabange, Regulation Asia September 4, 2020Police reportedly raided South Korea's largest crypto exchange and confiscated data in connection with a fraud investigation involving the pre-sale of BXA tokens to investors.
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322APRA Consults on Changes to EFS Reporting Standards
Sanday Chongo Kabange, Regulation Asia August 25, 2020The consultation is open for comment until 25 September. The changes are proposed to be effective for the reporting period ending June 2021.
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1.4KDigital Yuan Testing Limited to Small Transactions Only, PBOC Clarifies
Sanday Chongo Kabange, Regulation Asia August 25, 2020China is currently testing its sovereign digital currency with four state-run commercial banks in Shenzhen, Suzhou, Xiongan and Chengdu.
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349Australia Transitions to New Regulatory Regime for Litigation Funders
Sanday Chongo Kabange, Regulation Asia August 25, 2020Litigation funders will have three months of transition relief before they have to mandatorily hold an AFS licence and comply with rules for managed investment schemes.
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605BOT to Launch Debt Restructuring Programme for Businesses
Sanday Chongo Kabange, Regulation Asia August 25, 2020The new programme is designed to help businesses to restructure debt owed to multiple creditors. A similar programme for household borrowers already exists.
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1.4KMalaysia, Indonesia Regulators Sign Fintech Cooperation Pact
Sanday Chongo Kabange, Regulation Asia August 25, 2020The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.
