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
Market Infrastructure
HKEX, SFC to Open HKIDR Testing to Market on 16 May
27/04/2022
Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.
Securities / Derivatives
Japan FSA Issues Guidance on Preventing Archegos-style Incidents
24/04/2022
Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
Fintech / Regtech
Russia Finalises Bill to Give Crypto Legal Tender Status
23/04/2022
The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.
ESG / Sustainability
IMF Creates New Loan-Based Resilience and Sustainability Trust
21/04/2022
The IMF’s new loan-based trust seeks to help lower middle-income countries deal with external shocks like climate change and pandemics.
Securities / Derivatives
India Urged to Allow SPAC Listings, Discounted Share Issuances
21/04/2022
The MCA’s Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.
Fintech / Regtech
RegTech Adoption Requires Rethink of Regulatory Environment
20/04/2022
New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.
AML / KYC
Hong Kong to Propose Regulatory Regime for Crowdfunding
19/04/2022
The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.
Fintech / Regtech
Financial Firms Offered Incentives to Set Up Shop in Shenzhen
19/04/2022
Newly registered financial enterprises that choose to be headquartered in Shenzhen will be offered a one-off incentive worth up to CNY 50 million.
Securities / Derivatives
Hong Kong Set to Relaunch Inaugural Retail Green Bond
19/04/2022
The government has increased the target issuance size of the retail green bond. The minimum annual interest rate has also been increased.
Fintech / Regtech
FSC Korea to Relax Network Separation, Cloud Computing Rules
19/04/2022
The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.
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