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
Fintech / Regtech
Stanchart, PwC Examine CBDC Opportunities in GBA
06/06/2023
The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.
Enforcement
ASIC Issues First DDO Stop Order Against CFD Distribution
06/06/2023
ASIC said Mitrade Global relied on a retail investor questionnaire with “significant flaws”. The interim stop order was later revoked.
Securities / Derivatives
SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms
06/06/2023
From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.
Enforcement
ASX Releases Reports on CHESS System to ASIC, RBA
06/06/2023
ASX to keep CHESS operational until at least 2032. ASIC said it is prepared to take regulatory action to ensure ASX complies with its regulatory obligations.
Fintech / Regtech
RBI Consults on Cyber Resilience Guidelines for Payment System Operators
06/06/2023
The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.
Market Infrastructure
Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay
06/06/2023
The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.
Market Infrastructure
Philippine SEC Approves Plans to Introduce Short Selling – Report
06/06/2023
The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.
Crypto / Digital Assets
Crypto.com Receives Licence to Offer Crypto Services in Singapore
06/06/2023
CEO Kris Marszalek said Crypto.com is proud to receive a licence from a regulator that “prioritises consumer protection, safety and security”.
ESG / Sustainability
SET Amends Listing Rules to Expand Access to Capital Market
06/06/2023
The rule change relaxes earlier limitations that only allowed BCG (Bio-Circular-Green) companies promoted by the government to tap into the capital market.
Enforcement
ASIC Reviewing Product Governance of BNPL Providers
05/06/2023
ASIC issued an interim stop order against a BNPL product but revoked the order a day later due to “immediate corrective action” by the provider.
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