Sanday Chongo Kabange

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    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

    Operational Risk

    ASIC Criticises Australian Banks Over Mortgage Offset Failings

    30/07/2026

    ASIC review found systemic failures in how banks manage mortgage offset accounts, leading to significant financial harm for customers.

    Cloud & Infrastructure

    Korea FSS Issues New Rules on Third-Party IT Risk Management

    30/07/2026

    New guidelines make boards ultimately responsible for IT outsourcing risks, mandating a new control framework and lifecycle management for vendors.

    Cybersecurity

    Hong Kong Flags Third-Party Cyber Risk After System-Wide Mapping

    30/07/2026

    A joint exercise by four regulators finds no major new systemic risks but highlights concentration in certain third-party service providers, warranting closer supervision.

    Capital Adequacy

    New Zealand Finalises Bank Capital Rules After Industry Pushback

    30/07/2026

    The RBNZ has amended its approach to farm and SME lending risk weights and introduced a transition period following industry consultation.

    Cloud & Infrastructure

    Korean FIs Respond to Rule Relaxations by Adopting Copilot

    30/07/2026

    Relaxed rules for using cloud and AI services have enabled FIs to accelerate the adoption of generative AI for internal operations.

    Conduct, Culture & Accountability

    Australian Banks Told to Look Beyond Staff Error for Code Breaches

    30/07/2026

    New report reveals over 9,000 banking code breaches in six months, and calls on FIs to address systemic issues rather than blaming employees.

    Fraud, Scams & Cybercrime

    Hong Kong to Mandate Biometric Checks for MPF Withdrawals

    29/07/2026

    The move aims to combat fraud by requiring most members to use the 'iAM Smart' app for real-time facial identification when accessing retirement funds.

    Stablecoins

    BPI to Pilot Stablecoin Remittances Under Central Bank Coordination

    29/07/2026

    The bank is testing a stablecoin-based settlement system for cross-border payments in coordination with the BSP.

    Fraud, Scams & Cybercrime

    Thailand to Tighten Crypto Mining Imports After Major Electricity Theft Bust

    29/07/2026

    A crackdown on an illegal crypto mining operation causing THB 280 million in damages has prompted the prime minister to order a review of import controls for mining hardware.

    Clearing & Post-Trade

    ASX Finance Chief to Retire Amid Leadership Overhaul

    29/07/2026

    The departure adds to senior management turnover as the exchange navigates a critical technology rebuild under intense regulatory scrutiny.

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