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
Securities / Derivatives
China’s NAFMII Orders Bond Underwriters to End Price War
17/08/2021
Lead bond underwriters are required to report their fees to NAFMII on a quarterly and annual basis and set up internal management systems to ensure their fees reflect market rates.
Fintech / Regtech
FSC Korea to Establish Virtual Asset Division Within KoFIU
17/08/2021
The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.
Enforcement
Court Orders CBA to Publicise Overcharging Misconduct
17/08/2021
The Federal Court has ordered CBA to publish notices on its website and its newsroom platform under the heading “Notification of Misconduct by CBA”.
Market Infrastructure
Green Refinancing Scheme to Expedite Emissions Reductions: PBOC
17/08/2021
Specialist green refinancing loans will use preferential interest rates to target support for green development and expedite emissions reductions.
Australia: Industry Bodies Oppose CSLR Draft Legislation
17/08/2021
Eight associations say the design of the Compensation Scheme of Last Resort adds unnecessary red tape and significantly increases costs to the financial advice sector.
Securities / Derivatives
SEBI Creates Panel to Explore Move to T+1 Settlement – Report
16/08/2021
A reduction to T+1 is expected to increase market liquidity and trading turnover, while also reducing settlement risk and broker defaults.
Securities / Derivatives
AMAC Halts Approvals of New Real Estate Funds
16/08/2021
Private equity funds were among the last of the stable funding channels available to Chinese property developers amid recent regulatory pressure.
Australia to Further Amend Design & Distribution Obligations Law
15/08/2021
The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
CBIRC Launches Crackdown on Online Insurance Firms
15/08/2021
The CBIRC has ordered online insurers to conduct self-checks to identify violations, make immediate corrections and hold responsible personnel to account.
Enforcement
Australian Court Orders BOQ to Replace Unfair Contract Terms
15/08/2021
Bank of Queensland has been ordered to replace unfair contract terms in all standard form contracts with small business customers entered into from November 2016.
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