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
Fraud, Scams & Cybercrime
ASIC Finds Lack of Maturity in Banks’ Scam Strategies
21/08/2024
ASIC conducted a review of scam strategies and governance at 15 non-big-four banks, finding a “less mature approach” than expected.
Resolution & Recovery
RBNZ Consults Additional Standards for New DTA Regime
21/08/2024
RBNZ is consulting on standards covering areas such as governance, lending, risk management and operational resilience.
Trading & Investment
Hong Kong MPFA to Pursue Further Pension System Reforms
21/08/2024
The MPFA will make it easy for members to switch providers and expand the choices of REITs available to scheme members.
Supervision & Enforcement
BSP Amends Rules for Banks on Equity Divestments
21/08/2024
The amended rules clarify expectations for banks to divest equity investments that are prohibited under applicable laws and regulations.
Anti-Money Laundering
HK Court Jails Ex-Sunway Employee for Laundering $125m
21/08/2024
The court sentenced a personal assistant to five years in prison for helping his boss unlawfully obtain loans from a listed company and launder the proceeds.
Market Data & Technology
Stock Connect’s 2nd Phase of Market Data Changes Now in Effect
20/08/2024
The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.
Structural Regulation
SFC Lifts Suspension of Changjiang Corporate Finance
20/08/2024
The SFC said it is satisfied that Changjiang’s sponsor business now has adequate systems, controls, policies and procedures to enable compliance.
Credit Risk
HKMA to Create Taskforce to Handle Loan-related Complaints
20/08/2024
The task force will handle complaints from SMEs that are being asked to repay their loans earlier than the agreed time.
Fraud, Scams & Cybercrime
ASIC Has Shut Over 7,300 Scam Websites in One Year
20/08/2024
Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.
AI Risk & Governance
HKMA Issues Guidance for Banks on Using Generative AI
20/08/2024
The HKMA encourages banks to proactively explore the use of GenAI to enhance consumer protection and better tailor products to individual customers.
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