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
Fintech / Regtech
PBOC to Connect Digital Yuan to HK Faster Payment System
22/12/2021
The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.
Capital / Liquidity
APRA Outlines Considerations for CCyB Decisions
22/12/2021
APRA confirmed that the CCyB would be set at the new default level of 1 percent of RWA from 1 January 2023, a feature of the new bank capital framework.
Market Infrastructure
Vietnam Debuts New Umbrella Entity to Manage Stock Exchanges
16/12/2021
VNX, or Vietnam Stock Exchange, will serve as a new umbrella entity to manage the Hanoi and Ho Chi Minh stock exchanges.
Capital / Liquidity
RBI Introduces New PCA Framework For NBFCs to Contain Risk
16/12/2021
The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
AML / KYC
FinCEN Seeks Comments on Modernising US AML/CFT Regime
15/12/2021
FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
Securities / Derivatives
TWSE Amends Corporate Governance, Insider Trading Rules
15/12/2021
Insiders cannot trade shares 15 days before quarterly reports and 30 days before annual reports. Board independence and diversity rules also included.
ESG / Sustainability
HK to Enhance Mainland Connection via Stock Connect, Carbon Market
15/12/2021
The SFC is seeking to align Hong Kong’s trading days with the mainland, add more securities to Stock Connect, and establish a cross-border carbon market.
Securities / Derivatives
Indonesia OJK Introduces Dual Class Shares for Tech IPOs
15/12/2021
The move is aimed at incentivising domestic tech firms to list on the IDX to deepen the capital market and make it more attractive to investors.
Securities / Derivatives
ASX Introduces Electronic Delivery of CHESS Statements
15/12/2021
The electronic delivery of CHESS statements provides a faster, more efficient service for investors, says ASX group executive Tim Hogben.
AML / KYC
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
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