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
Crypto / Digital Assets
ASIC Cancels FTX Australia’s AFS Licence
20/07/2023
FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.
Enforcement
ASIC Issues First Stop Order on Life Insurance Products
20/07/2023
ASIC issued the interim stop order against Clearview Life to protect consumers from acquiring two income protection cover products that may not be consistent with their needs.
Korea Forms Taskforce to Draw Up Corporate Governance Guidelines for Banks
20/07/2023
The guidelines will cover CEO appointments, management succession procedures, and evaluation and supporting systems for independent directors.
Fintech / Regtech
Korea FSC Designates Eight More ‘Data Specialising Institutions’
19/07/2023
The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.
ESG / Sustainability
NZ FMA Issues Guidance on Climate-related Scenario Analysis
19/07/2023
The information sheet offers guidance on the disclosures firms have to make about the methods and assumptions underlying their scenario analysis and how the process has been conducted.
Market Infrastructure
Hong Kong to Launch New eMPF Platform in Q2 2024
19/07/2023
Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.
Fintech / Regtech
Korea FSS Launches New Online Licence Application Platform
18/07/2023
The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.
Korea Issues Revised Guidelines on Accounting Fraud Investigations
17/07/2023
The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.
Market Infrastructure
APRA Finalises New Cross-industry Standard on Operational Risk
17/07/2023
Boards should pay particular attention to ventures that may give rise to material or novel operational risks, including activities associated with crypto assets.
Enforcement
Cigno, BHF Solutions Breached National Credit Act, Court Rules
15/07/2023
Australia’s Federal Court said the lending model the firms operated was specifically intended to avoid provisions of the National Credit Act.
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