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

    Enforcement

    Bursa Malaysia Suspends Prop Trader For Order Book Manipulation

    10/09/2020

    The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.

    Securities / Derivatives

    SEBI Revises Mutual Fund Side Pocketing Standards

    08/09/2020

    Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.

    Fintech / Regtech

    Tokyo Bourse, IHS Markit to Combine Securities Finance Data

    08/09/2020

    The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.

    Securities / Derivatives

    TOCOM Seeks Market Makers for Electricity Futures Contracts

    07/09/2020

    The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

    Market Infrastructure

    CBIRC Approves First Foreign Owned Money Broker in China

    07/09/2020

    Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.

    Market Infrastructure

    SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

    07/09/2020

    The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

    Market Infrastructure

    BSP, OJK Sign MoU on Financial System Development

    07/09/2020

    As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.

    AML / KYC

    BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

    05/09/2020

    Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

    Fintech / Regtech

    Australian Banks Expand Use of Blockchain For Bank Guarantees

    05/09/2020

    ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.

    Uncategorised

    Australia Passes Law to Allow Employees to Choose Super Fund

    04/09/2020

    The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.

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