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
Market Infrastructure
Hong Kong FSDC Proposes to Allow Tax Offsets Within Group Structures
10/08/2020
The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.
Fintech / Regtech
China Moves Closer to Launching Sovereign Digital Currency
07/08/2020
PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
Fintech / Regtech
MAS to Set Up Regional Digital Finance Institute
06/08/2020
The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.
Market Infrastructure
Japan Amends Rules to Lure Hong Kong Fund Managers
05/08/2020
A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.
Enforcement
Australia: Former Financial Adviser Jailed for Six Years
04/08/2020
Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.
Big Picture
FMSB Publishes Spotlight Review on Market Surveillance
04/08/2020
The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.
Market Infrastructure
SC Orders Bursa Malaysia to Conduct Full Systems Review
02/08/2020
The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.
NAB to Stop Dealing with Unlicensed Debt Management Companies
02/08/2020
NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.
Big Picture
Third Global Financial Crisis May Be Imminent: ex-HKMA Chief
30/07/2020
Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.
Crypto / Digital Assets
Philippines Launches DLT-based Distribution of Retail Treasury Bonds
29/07/2020
The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
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