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
Enforcement
ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts
08/09/2023
ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.
ESG / Sustainability
SEC Philippines to Issue Revised Sustainability Reporting Guidelines
08/09/2023
The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.
BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector
08/09/2023
The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.
AML / KYC
UK to Designate Wagner Group as Terrorist Organisation
07/09/2023
The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.
Enforcement
ASIC Directs Retail OTC Issuers to Improve DDO Compliance
07/09/2023
ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.
Capital / Liquidity
HK Investors Prepare Legal Action Over Credit Suisse AT1 Bonds
07/09/2023
Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.
Securities / Derivatives
Philippines Will Implement Short Selling Rules, Says Regulator
07/09/2023
The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.
ESG / Sustainability
RBNZ, FMA Call on Regulated Entities to Improve Governance Practices
06/09/2023
A joint cross-sector thematic review identified some good governance practices, but also areas where improvement is needed.
Capital / Liquidity
FSC Korea Proposes Formal Adoption of Large Exposure Limit
06/09/2023
The large exposure limit was implemented in March 2019 through administrative guidance, but the formal regulatory process was postponed until now due to Covid-19.
Securities / Derivatives
APRA Review Finds Gaps in Super Fund Valuation Practices
05/09/2023
The review was conducted in late 2022, ahead of new investment governance standards taking effect in January.
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