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
Securities / Derivatives
Hong Kong’s First SPAC Listing Debuts on HKEX Main Board
18/03/2022
Aquila Acquisition Corporation was the first SPAC in Hong Kong to win approval from HKEX for a listing since the city’s SPAC listing regime was introduced.
Fintech / Regtech
Australian Regulators Call for Action to Regulate Crypto Sector
18/03/2022
The RBA’s Philip Lowe, ASIC’s Joe Longo and APRA’s Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.
Market Infrastructure
SFC Seeks to Allow Broker Participation in GBA Wealth Connect
18/03/2022
A hurdle that still needs to be overcome is that Hong Kong brokerages are currently prohibited from distribution and soliciting clients in mainland China.
Securities / Derivatives
Australian Super Funds Shy Away from Chinese Equities – Report
18/03/2022
China’s crackdown on certain sectors has left super fund executives fearing that direct equity exposures to China may not be worth the added risk.
Market Infrastructure
FIA Progresses Initiative to Develop New Derivatives Standards
17/03/2022
FIA intends to launch an independent body to be called Derivatives Market Institute for Standards or DMIST in Q2 2022.
AML / KYC
NZ FIU Calls for Help to Combat Transnational Organised Crime
16/03/2022
Reporting entities are “uniquely positioned” to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.
Fintech / Regtech
BSP to Initiate Pilot Project to Test CBDC Use Cases
16/03/2022
The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
AML / KYC
AUSTRAC Proposes Amendments to AML/CTF Rules
16/03/2022
A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.
ESG / Sustainability
HKEX Listing Committee Outlines Policy Agenda for 2022
16/03/2022
HKEX will review the IPO eligibility requirements for technology firms, optimise the IPO price discovery process, and enhance ESG standards and climate disclosures.
AML / KYC
Tencent Faces Record Penalty Over AML Breaches – Report
16/03/2022
The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.
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