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
APRA Reveals Early Results from Cybersecurity Assessments
05/07/2023
APRA identified six common control gaps in the first tranche of CPS 234 assessments, and offers recommendations to address them.
Enforcement
Seoul Police Probes Suspected Illegal Payments at Kakao Pay
05/07/2023
Kakao Pay is alleged to have received illegal subsidies from NICE Information & Telecommunication, a leading value-added network operator.
Capital / Liquidity
Cambodia Issues New Rules on Capital Adequacy, Credit Risk
05/07/2023
The NBC says the new rules will incentivise lenders to release more loans to businesses and ensure finance is available at “reasonable interest rates”.
Market Infrastructure
SEBI Consults on Consolidated Cyber Resilience Framework for REs
05/07/2023
The new draft master framework, open for consultation until 25 July, consolidates 15 individual circulars on cybersecurity issued since 2015.
Enforcement
APRA Fines BNK Banking Corp for Late Reporting of EFS Data
04/07/2023
APRA said BNK Banking Corporation was 32 days late in filing statistical reports for the month ending 28 February 2023.
Sanctions
China to Impose Export Controls on Key Chipmaking Metals
04/07/2023
China says the imposition of export curbs on gallium and germanium is to safeguard national security and interests.
Crypto / Digital Assets
Hong Kong Establishes Task Force to Advance Web3 Development
03/07/2023
The task force will bring together industry leaders and regulators to provide advice on developing Hong Kong into a Web3 hub.
AML / KYC
AUSTRAC Spares Bell Financial from Further Regulatory Action
03/07/2023
AUSTRAC received audit reports for three Bell Financial Group entities and decided not to undertake further regulatory action against them.
Market Infrastructure
SEBI Issues Rules Requiring CRAs to Name Uncooperative Issuers
03/07/2023
SEBI has issued new rules to address the growing number of issuers refusing to provide information to CRAs to properly assess their credit risk.
Crypto / Digital Assets
Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations
03/07/2023
Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.
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