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
Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks
30/01/2022
Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.
AML / KYC
Europol Outlines Different Ways Criminals Use Cryptocurrency
29/01/2022
A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.
Securities / Derivatives
KRX Chief Vows to Improve Investor Protection in Stock Market
28/01/2022
Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.
Crypto / Digital Assets
Myanmar to Ban Crypto Under New Cybersecurity Law
28/01/2022
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
ESG / Sustainability
EBA Finalises Pillar 3 Disclosure Rules for ESG Risks
28/01/2022
Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.
Fintech / Regtech
China Launches Data Platform for Wealth Management Sector
27/01/2022
The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.
ESG / Sustainability
SEBI Proposes Regulatory Framework for ESG Rating Providers
27/01/2022
SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.
AML / KYC
Faster Transactions Impeding Scam Loss Recoveries: HK Police
27/01/2022
Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.
Big Picture
BIS Paper Offers Guidance on Regulating Tech Firms
26/01/2022
The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.
Market Infrastructure
Guangdong to Establish New International Bank Under GBA Plan
26/01/2022
A futures exchange centre also be established to support the SZSE in implementing a whole-market registration system.
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