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.
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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