Sanday Chongo Kabange

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    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 / 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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