Posts By Sanday Chongo Kabange, Regulation Asia
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338BIS Calls for Interoperability in Global Payment Systems
Sanday Chongo Kabange, Regulation Asia December 14, 2021Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
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509PBOC Reiterates Commitment to Hong Kong Financial Centre
Sanday Chongo Kabange, Regulation Asia December 13, 2021Key areas of collaboration to enhance Hong Kong's roles as an international financial centre include CBDC, regtech, green finance development.
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308Japan Unlikely to Issue Sovereign ESG Bonds in the Near Future
Sanday Chongo Kabange, Regulation Asia December 13, 2021Issuing ESG bonds separately from conventional JGBs could make the process of borrowing money less efficient, said finance ministry official Masato Kanda.
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600Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance
Sanday Chongo Kabange, Regulation Asia December 10, 2021The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.
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Japan: Sony Life Employee Embezzles $155m While Working Remotely
Sanday Chongo Kabange, Regulation Asia December 10, 2021The Sony Life Insurance employee allegedly embezzled $155mn while working on liquidating the reinsurer's assets after it closed.
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251South Korea’s Revised FSCMA Takes Effect
Sanday Chongo Kabange, Regulation Asia December 9, 2021The approval process will be simplified for foreign securities firms to change their status in Korea from a branch office to a subsidiary, and vice versa.
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252HKFE Gets CFTC Certification for Two More China Futures Contracts
Sanday Chongo Kabange, Regulation Asia December 9, 2021The certification of the two contracts means they can be offered and sold to persons in the US, and that US investors can trade the contracts from within the US.
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347CSRC Issues New Rules for Settling Capital Market Violations
Sanday Chongo Kabange, Regulation Asia December 8, 2021The new rules will enable parties suspected of engaging in illegal acts to pay administrative settlements rather than wait for investigations to be concluded.
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257RBNZ Says Stress Tests Show Banks Need More Capital
Sanday Chongo Kabange, Regulation Asia December 8, 2021The findings reinforce the need for banks to continue to build capital and replace Tier 2 instruments that will cease to be compliant under the new rules on bank capital.
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266NZ FMA Risk Assessment Finds VASPs Sector ‘High Risk’
Sanday Chongo Kabange, Regulation Asia December 8, 2021The FMA's sector risk assessment for 2021 says VASPs, derivatives issuers and online investment platforms could be targeted by money launderers.
