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.
Capital / Liquidity
RBNZ to End Bank Dividend Restrictions on 1 July
02/06/2022
The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.
ESG / Sustainability
NGFS Work Programme Moves from ‘Awareness to Action’
02/06/2022
Chair Ravi Menon described the next phase of the NGFS’ work as a “move from awareness to action”.
ESG / Sustainability
MAS Issues New Guidance on Environmental Risk Management
02/06/2022
Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.
ESG / Sustainability
ASX to Scrutinise ETF Labels to Tackle Greenwashing – Report
30/05/2022
ASX will scrutinise listed instruments to ensure they are “true to label” and only list new funds that comply with ASIC’s naming requirements.
Securities / Derivatives
Korea to Introduce New Venture Capital Investment Vehicle
30/05/2022
So-called ‘Business Development Companies’ will be listed on the stock market and allowed to invest in and lend to startups and innovative companies.
Crypto / Digital Assets
ECB Calls for Urgent EU Approval of MiCA Regulation
28/05/2022
Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.
Big Picture
World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
28/05/2022
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
Crypto / Digital Assets
New Zealand Probes Fake Crypto Firm Over Missing Funds
26/05/2022
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
Market Infrastructure
BSP Issues Draft Operating Rules for RTGS Payment System
26/05/2022
The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
Crypto / Digital Assets
SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems
25/05/2022
SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
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