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.
ESG / Sustainability
WEF Paper Outlines Steps for Responsible Carbon Market Engagement
24/01/2023
New paper from the World Economic Forum and Bain & Company calls for “decisive action” to scale up VCMs and ensure they serve the promised environmental and societal benefits.
Big Picture
Multilateral Platforms Will Benefit Cross-Border Payments
20/01/2023
New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
Securities / Derivatives
Two Chinese Airlines to Voluntarily Delist from NYSE
17/01/2023
The voluntary delistings are a recognition that Chinese state firms will be unable to provide US regulators full access to their audit records as required.
ESG / Sustainability
Thai SEC Issues New Climate Risk Guidelines for Asset Managers
17/01/2023
The voluntary guidelines are intended to help asset managers assess and disclose the impacts of climate risks on their portfolios.
Crypto / Digital Assets
Thai Stock Exchange Unveils Three Year Strategic Plan
16/01/2023
The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.
Market Infrastructure
SEBI Issues New Standards for Handling Stock Exchange Outages
15/01/2023
Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.
Fintech / Regtech
Thailand Proposes Licensing Framework for Virtual Banks
13/01/2023
Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
Market Infrastructure
SEBI to Allow Futures Contracts on Corporate Bond Indices
12/01/2023
Stock exchanges will be allowed to launch futures contracts on indices of corporate debt securities rated AA+ and above.
Crypto / Digital Assets
HK Lawmaker Proposes to Use e-HKD as Stablecoin for DeFi
11/01/2023
LegCo member Wu Jiezhuang says using the CBDC as a government-backed stablecoin will help address virtual asset risks and enhance trust in Web3.
ESG / Sustainability
Philippine SEC Finalises Rules for SRI Funds
10/01/2023
SRI Funds will have to allocate at least two-thirds of their NAV to their sustainable investment objective.
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