Posts By Sanday Chongo Kabange, Regulation Asia
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1.5KChina Pushes For Faster Launch of Digital Currency
Sanday Chongo Kabange, Regulation Asia October 19, 2020The Shenzhen government is issuing 10 million yuan worth of digital currency for testing as part of ongoing DC/EP pilot tests.
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1.7KSEBI Issues Series of Risk-Reducing Measures for Debt Funds
Sanday Chongo Kabange, Regulation Asia October 18, 2020The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.
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801Cambodia Set To Launch Covid-19 Credit Guarantee Scheme
Sanday Chongo Kabange, Regulation Asia October 18, 2020A USD 200 million credit guarantee scheme is expected to launch in late October or November, providing a risk-sharing facility for banks to lend to businesses.
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559Bangladesh ACC Calls For Tighter KYC Rules for NBFIs
Sanday Chongo Kabange, Regulation Asia October 15, 2020The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.
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1.0KBSP Amends Operational Risk Guidelines to Include ‘People Risk’
Sanday Chongo Kabange, Regulation Asia October 13, 2020The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
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1.4KUK FCA Bans Retail Sale Of Crypto Asset Derivatives
Sanday Chongo Kabange, Regulation Asia October 9, 2020The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.
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1.4KThailand: SET to Establish Digital Asset Trading Platform
Sanday Chongo Kabange, Regulation Asia October 9, 2020The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
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1.3KPhilippine DOF Push For Joint Cyber Defence Strategy
Sanday Chongo Kabange, Regulation Asia October 8, 2020State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.
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PBOC Outlines Progress from Digital Yuan Pilot Tests
Sanday Chongo Kabange, Regulation Asia October 8, 2020Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.
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1.2KECB Starts Preparing for Possible Digital Euro Issuance
Sanday Chongo Kabange, Regulation Asia October 7, 2020A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.
