Posts By Sanday Chongo Kabange, Regulation Asia
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322Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation
Sanday Chongo Kabange, Regulation Asia February 8, 2021The FSC's 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.
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220RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs
Sanday Chongo Kabange, Regulation Asia February 7, 2021Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.
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FSC Korea Outlines Additional Green Finance Initiatives
Sanday Chongo Kabange, Regulation Asia January 29, 2021The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.
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271China Shuts Down Cross-border Gambling, Payments Platforms
Sanday Chongo Kabange, Regulation Asia January 21, 2021The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.
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306Australia: Xinja Bank Completes Return of Customer Deposits
Sanday Chongo Kabange, Regulation Asia January 19, 2021Australian neobank Xinja announced in December that would be exiting the market, just 15 months after receiving its licence.
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530Thailand SEC Declares Support for TCFD, Enhanced ESG Disclosures
Sanday Chongo Kabange, Regulation Asia January 19, 2021The move will lead to better disclosure of ESG information in the capital market, including information related to greenhouse gas emissions.
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235Korea Announces Additional Support to Covid-19 Hit Businesses
Sanday Chongo Kabange, Regulation Asia January 19, 2021The funding support includes additional support for small merchants, a new special lending programme, and additional funding for distressed asset manager KAMCO.
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FSC Korea Prepares to Lift Ban on Illegal Short Selling
Sanday Chongo Kabange, Regulation Asia January 16, 2021The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
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256China to Accelerate Development of Domestic Derivatives Market
Sanday Chongo Kabange, Regulation Asia December 23, 2020China’s financial futures and options market "far lags" market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
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246US SEC Penalises Robinhood $65m for Misleading Customers
Sanday Chongo Kabange, Regulation Asia December 22, 2020The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.
