Sanday Chongo Kabange
Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Articles by Sanday Chongo Kabange
Conduct, Culture & Accountability
KPMG Australia CEO and Audit Head Resign Amid Whistleblower Scandal
02/06/2026
The firm has admitted to mishandling allegations of client data misuse, prompting an investigation by the corporate regulator and a review of its internal culture.
Supervision & Enforcement
Korea FTC to Revive ‘Grim Reaper’ Unit, Introduce Break-Up Powers
02/06/2026
The regulator is launching a major overhaul, introducing structural remedies and personal fines for executives, and probing an alleged insurance cartel.
Operational Risk
HKMA Directs Banks to 'Sustain and Uplift' Operational Resilience
02/06/2026
The regulator has outlined its expectations for firms to treat operational resilience as ‘business as usual’ following a multi-year implementation phase.
Fraud, Scams & Cybercrime
Korea Expands Account Freezing Powers to Combat New Phishing Scams
02/06/2026
New guidelines will allow financial institutions to suspend accounts linked to romance and investment fraud, closing a key regulatory gap.
Supervision & Enforcement
Outgoing ASIC Chair Warns of Depleted Litigation Fund, Calls for Reform
02/06/2026
Joe Longo has flagged a critical funding shortfall for litigation, while calling for a new body to tackle Australia’s high regulatory burden.
Structural Regulation
Korea Set to Finalise Rules Around Dual Listings Ban
02/06/2026
New rules will curb the practice of listing subsidiaries to protect minority shareholders, with detailed criteria expected in early June.
AI Risk & Governance
BSP to Establish AI and Advanced Analytics Hub
02/06/2026
The central bank is setting up a new unit focused on leveraging data science for supervision, payments, and policy, appointing a former director to lead the initiative.
Structural Regulation
BSP Mandates New Digital Reporting Regime for Money Service Businesses
02/06/2026
The new framework requires money service businesses, including virtual asset service providers, to submit financial reports in XML format starting late 2026.
Clearing & Post-Trade
HKEX Delays Orion Cash Platform API Launch to Q3 2026
02/06/2026
The launch of new real-time clearing data application programming interfaces (APIs) has been pushed back to ensure market readiness.
Cryptocurrency
Hong Kong Regulators Outline Progress on Digital Assets Initiatives
02/06/2026
Regulators have detailed plans for a new virtual asset bill, a live stablecoin regime, and a next-generation digital asset platform.
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