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
Capital Adequacy
Thailand SEC Overhauls Rules for Brokers Facing Capital Shortfalls
05/09/2025
The SEC says the new regulations establish a clear protocol for failing firms, including provisions for client asset transfers and a waiver for breaches caused by digital asset volatility.
Cybersecurity
South Korea to Impose Stricter Fines For IT Security Breaches
05/09/2025
The FSC will now levy separate penalties for each individual compliance failure, ending its practice of bundling related violations into a single fine.
Custody & Infrastructure
Thailand SEC Eases Capital Requirements For Digital Asset Custodians
05/09/2025
The SEC has lowered capital requirements and set a zero-risk weighting for certain digital tokens to reduce costs and encourage domestic custody services.
Cybersecurity
Korea Launches High-Intensity Cyber Drill Across Financial Sector
05/09/2025
The FSS and FSI will conduct unannounced attacks over two months, expanding the scope to all financial firms and adding on-site infrastructure inspections.
Tokenisation
Thailand's SEC Authorises Digital Asset Firms to Trade Tokenised Carbon Credits
05/09/2025
The SEC has amended rules for digital asset operators to support national green economy goals and promote the country as a carbon trading hub.
Payments & Settlements
Australia Passes Law to Regulate Digital Wallets, BNPL Services
05/09/2025
The new legislation expands the RBA's oversight to new payment systems, including those operated by global tech companies.
Trading & Investment
Hong Kong MPFA Reviews Default Fund Rules for Ageing Workforce
04/09/2025
The MPFA is reviewing fee caps and de-risking mechanisms for its low-cost default investment option to meet the needs of the city's "silver economy".
Conduct, Culture & Accountability
Australian Senate Terminates Inquiry into Wealth Management Collapses
04/09/2025
Senate committee declines to resume inquiry into Dixon Advisory, prompting calls for renewed scrutiny amid fresh fund failures.
Cybersecurity
Korea FSS Urges Stronger Controls After Lotte Card Data Breach
04/09/2025
The FSS has called for tighter internal safeguards and expedited consumer protection following a data leak at Lotte Card that went undetected for 17 days.
Reporting & Disclosures
New Zealand Proposes to Defer Key Climate Disclosures Deadlines
04/09/2025
The XRB is seeking feedback on extending exemptions for Scope 3 emissions and anticipated financial impact disclosures.
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