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
Enforcement
ASIC Directs Retail OTC Issuers to Improve DDO Compliance
07/09/2023
ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.
Capital / Liquidity
HK Investors Prepare Legal Action Over Credit Suisse AT1 Bonds
07/09/2023
Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.
Securities / Derivatives
Philippines Will Implement Short Selling Rules, Says Regulator
07/09/2023
The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.
ESG / Sustainability
RBNZ, FMA Call on Regulated Entities to Improve Governance Practices
06/09/2023
A joint cross-sector thematic review identified some good governance practices, but also areas where improvement is needed.
Capital / Liquidity
FSC Korea Proposes Formal Adoption of Large Exposure Limit
06/09/2023
The large exposure limit was implemented in March 2019 through administrative guidance, but the formal regulatory process was postponed until now due to Covid-19.
Securities / Derivatives
APRA Review Finds Gaps in Super Fund Valuation Practices
05/09/2023
The review was conducted in late 2022, ahead of new investment governance standards taking effect in January.
Fintech / Regtech
RBI Permits Banks to Use UPI With Credit Lines
05/09/2023
Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.
Market Infrastructure
NZX Adds Financial Recovery Tools to Operational Rules
04/09/2023
The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.
Market Infrastructure
SEBI Proposes Formation of New Agency to Validate Performance Claims
04/09/2023
SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.
Fintech / Regtech
FSC Korea Pledges Support for Fintech Industry
31/08/2023
The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.
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