Sanday Chongo Kabange

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    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

    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.

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