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
Japan Insurance Gap to Limit LNG Flow from Russia
04/01/2023
Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.
Fintech / Regtech
Hong Kong Consults on Crowdfunding Regulatory Regime
03/01/2023
A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.
ESG / Sustainability
Thailand Consults on ‘Pilot Version’ of Sustainable Finance Taxonomy
02/01/2023
Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.
HK Regulators Identify Issues in Sales of Tax-deductible Products
28/12/2022
Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
Securities / Derivatives
Korean Brokers Put on Notice for Selling, Lending Practices
28/12/2022
The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.
Sanctions
Russia, Iran Spend Billions on New Trade Route – Report
28/12/2022
Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.
Crypto / Digital Assets
Bank of Canada Papers Shine Spotlight on Stablecoins
27/12/2022
The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
Crypto / Digital Assets
FINRA Issues Additional Guidance on Ransomware Risk
22/12/2022
Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.
Big Picture
HKIMR Report Explores Challenges of Climate Risk Measurement
22/12/2022
The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.
Enforcement
ASIC Files Suit Against Finder Wallet Over Crypto-related Product
20/12/2022
Finder Wallet offered a crypto-related product that paid customers a return for use of their funds, like a debenture, ASIC says.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team