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
Capital / Liquidity
RBNZ Consults on Potential Mortgage Lending Restrictions
23/11/2021
Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.
Fintech / Regtech
FSC Expands Access to Public Financial Data via Open APIs
23/11/2021
The newly added data types include information about stocks, bonds, funds, insurance products and microloan products.
Fintech / Regtech
RBI Panel Suggests Increasing Regulation for Digital Lenders
22/11/2021
The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.
Securities / Derivatives
Hong Kong Issues First Euro Denominated Green Bonds
22/11/2021
A 20-year tranche issued under the Green Bond Programme is the longest tenor euro-denominated bond issued by an Asian government to date.
Fintech / Regtech
BSP to Stop Accepting Applications for E-Money Issuer Licences
22/11/2021
EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.
Market Infrastructure
SEBI Proposes Market Maker Framework for Corporate Bonds
21/11/2021
To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.
Securities / Derivatives
SEBI Proposes to Tighten Rules on Use of IPO Proceeds
19/11/2021
SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.
RBI Mandates Designation of Internal Ombudsman at NBFCs
19/11/2021
NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.
Market Infrastructure
RBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs
18/11/2021
The upgrades are intended to address technical issues in the RBA’s existing infrastructure, some of which is “facing obsolescence” and requires costly maintenance.
ASIC Issues Draft Guidance on Consumer Remediation
18/11/2021
ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.
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