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.
Industry Body Urges ASIC to Reconsider Reference Checking Model
23/11/2020
The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.
Securities / Derivatives
Thailand SEC to Remove Hardcopy Document Requirement for Takeovers
23/11/2020
Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
Fintech / Regtech
Singapore’s iSTOX Signs Digital Securities MOU with Chongqing Regulator
23/11/2020
The Chongqing Local Financial Supervision and Administration Bureau has pledged to support the establishment of an iSTOX digital securities exchange in Chongqing.
Capital / Liquidity
Thailand SEC Revises Net Capital Rules to Bolster Liquidity
22/11/2020
The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.
Fintech / Regtech
BOK, FSC Clash Over Supervisory Authority in Fintech, Payments
21/11/2020
The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.
Fintech / Regtech
Vietnam Working to Allow Cooperation With Foreign Firms in Payments
21/11/2020
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
Fintech / Regtech
BSP Seeks Interoperability, Unified Standard in Payments
21/11/2020
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
Fintech / Regtech
FSC Korea Threatens to Withdraw Incentives for Internet-only Banks
20/11/2020
The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.
ESG / Sustainability
Thailand Proposes Compulsory ESG Training for Capital Market Personnel
19/11/2020
Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
Crypto / Digital Assets
Australian Police Charge Ex-Promoter of Failed Crypto Platform
19/11/2020
The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team