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
BSP Amends Operational Risk Guidelines to Include ‘People Risk’
13/10/2020
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
Crypto / Digital Assets
UK FCA Bans Retail Sale Of Crypto Asset Derivatives
08/10/2020
The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.
Crypto / Digital Assets
Thailand: SET to Establish Digital Asset Trading Platform
08/10/2020
The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
Fintech / Regtech
Philippine DOF Push For Joint Cyber Defence Strategy
08/10/2020
State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.
Fintech / Regtech
PBOC Outlines Progress from Digital Yuan Pilot Tests
07/10/2020
Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.
Fintech / Regtech
ECB Starts Preparing for Possible Digital Euro Issuance
06/10/2020
A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.
Crypto / Digital Assets
Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark
06/10/2020
The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.
Fintech / Regtech
ACCC Expands Intermediary Access to CDR Ecosystem
04/10/2020
These amended rules will facilitate greater participation in the CDR by fintech firms and reduce the time and cost needed for accredited firms to enter the ecosystem.
AML / KYC
Ransomware Payments May Breach OFAC Regulations
03/10/2020
OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.
NZBA Issues Guidelines for Banks on Serving Customer Needs
02/10/2020
The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.
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