Posts By Sanday Chongo Kabange, Regulation Asia
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190Australia Issues Consultation to Finalise CCIV Regime
Sanday Chongo Kabange, Regulation Asia September 1, 2021The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
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158APRA Confirms Approach to New Credit Risk Reporting Standard
Sanday Chongo Kabange, Regulation Asia September 1, 2021APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.
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180Australia Payments System Review Exposes Regulatory Gaps
Sanday Chongo Kabange, Regulation Asia August 31, 2021The review recommends enhancing the government's powers to protect the payments system. A single, integrated licensing framework for payment services should also be introduced.
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13 Super Funds Fail APRA’s First Performance Test
Sanday Chongo Kabange, Regulation Asia August 31, 2021If the failing super funds do not improve in next year's test they will have to transfer their members to funds that deliver better outcomes.
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237India Targets December for CBDC Pilot Testing
Sanday Chongo Kabange, Regulation Asia August 31, 2021RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
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145Korea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud
Sanday Chongo Kabange, Regulation Asia August 31, 2021The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
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158CSRC Considers Barring Data-Heavy Firms from Listing Overseas
Sanday Chongo Kabange, Regulation Asia August 31, 2021The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.
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90ACCC Opens Competition Inquiry Into NAB-Citigroup Deal
Sanday Chongo Kabange, Regulation Asia August 31, 2021The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
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316IMF Spotlights Legal Challenges of Fintech for Central Banks
Sanday Chongo Kabange, Regulation Asia August 31, 2021A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.
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APRA Focuses on Resilience in Updated Corporate Plan
Sanday Chongo Kabange, Regulation Asia August 30, 2021APRA will look to enhance resilience in the financial system, including cyber resilience, while also transforming governance, risk-culture, remuneration and accountability.
