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
Conduct, Culture & Accountability
ASIC Extends Reference Checking Protocol to Mortgage Aggregators
19/08/2024
The updated protocol enables financial advisers and mortgage brokers to request references about prospective representatives from mortgage broking intermediaries.
Sustainable Finance
BSP Calls on Lenders to Do More to Support Climate Action
19/08/2024
The BSP said green finance “has yet to fully take off” and that lenders need to do more to support climate action efforts of enterprises and households.
Structural Regulation
Hong Kong SFC Proposes to Abolish Mixed Media Offers
19/08/2024
The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.
Structural Regulation
HKEX Consults on Expanding Paperless Listing Regime
19/08/2024
The proposed reforms will provide securities holders with electronic options to give instructions to issuers, receive payments such as dividends, and pay subscription monies for offers.
Cybersecurity
APRA Issues Guidance to Address Cyber Control Weaknesses
16/08/2024
APRA has identified issues relating to security in configuration management, privileged access management, and security testing.
Conduct, Culture & Accountability
APRA Orders Independent Review of Cbus, BUSSQ Governance
14/08/2024
APRA imposed additional licence conditions to address concerns regarding fitness and propriety processes and fund expenditure management.
Market Risk
HKMA Issues Supplementary Guidance on Market Risk, CVA Risk
14/08/2024
The guidance clarifies that funding swaps should typically be assigned to the trading book unless designated as hedging instruments under hedge accounting.
AI Risk & Governance
HKMA Launches New GenAI Sandbox at Hong Kong Cyberport
14/08/2024
HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.
Conduct, Culture & Accountability
ASIC Commences Legal Action Against ASX Over Misleading Statements
14/08/2024
ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.
Structural Regulation
BSP to Start Accepting New Digital Bank Applications in January
09/08/2024
The BSP will lift the moratorium on granting new digital bank licences starting 1 January 2025. Only four new licences will be granted.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.