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
ESG / Sustainability
BOJ to Launch New Climate Survey in Fiscal 2022
15/03/2022
The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.
Securities / Derivatives
Japan FSA to Compel Listed Firms to Disclose Gender Ratios
15/03/2022
An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.
Singapore to Introduce Points-based Visa System for Foreigners
15/03/2022
Singapore is seeking to attract higher-calibre foreign workers with “super skill sets” under a new points-based visa system.
Market Infrastructure
Philippine Regulators Issue Guidelines on Streamlining Bank M&As
10/03/2022
Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.
Hong Kong FRC Consults on New Regulatory Powers
10/03/2022
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
Big Picture
Hong Kong Balance of Risks Tilted to the Downside: IMF
10/03/2022
The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
Capital / Liquidity
Korea FSS Asks Banks to Increase Bad Debt Reserves
10/03/2022
The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
Market Infrastructure
CSA Singapore to Update Cybersecurity Act, Code of Practice
09/03/2022
The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
Securities / Derivatives
FSC Korea Revises Corporate Governance Disclosure Rules
08/03/2022
The revisions will require companies to provide additional disclosures in relation to business split-offs and internal transactions with affiliated firms.
AML / KYC
BOT Extends Deadline for PayPal’s AML Compliance to Year-End
08/03/2022
PayPal was scheduled to suspend most services for Thai consumers from 7 March as part of a relaunch of its services to comply with local regulations.
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