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.
Thailand Unveils More SME Support, ‘Asset Warehousing’ Scheme
29/03/2021
The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.
Big Picture
NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations
29/03/2021
The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.
Securities / Derivatives
US Securities Regulator Opens Inquiry into SPAC Listings
29/03/2021
The SEC has reportedly written to banks seeking information on how underwriters are managing the risks involved.
Market Infrastructure
Cboe Global Markets to Acquire Chi-X Asia Pacific
28/03/2021
The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.
Fintech / Regtech
China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps
25/03/2021
Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.
AML / KYC
Compliance Costs Impacted by Technology, Covid: Report
25/03/2021
Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.
Fintech / Regtech
Line Pay to Bring Data Stored Overseas Back to Japan
25/03/2021
Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.
ESG / Sustainability
ISLA Pledges to Support ESG Objectives in Securities Lending
24/03/2021
ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.
Fintech / Regtech
BOT Outlines Plans to Develop Policy on Stablecoins
24/03/2021
Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.
Market Infrastructure
SEBI Issues Guidelines for MIIs on Handling Disruptions
24/03/2021
The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.
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