Sanday Chongo Kabange

    image

    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

    Fintech / Regtech

    BSP Takes Consumer Complaints Chatbot Live

    20/08/2020

    The trilingual automated chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.

    Enforcement

    ASIC Launches Civil Proceedings in Two Fees-for-no-service Cases

    20/08/2020

    ASIC has commenced ‘fees for no service’ cases against Asgard Capital Management, BT Funds Management, and StatePlus Super.

    Enforcement

    SEC Opens Fraud Investigation Into Chinese Streaming Service iQiyi

    17/08/2020

    The investigation into follows an April report from Wolfpack Research alleging Nasdaq-listed iQiyi inflated its revenue, user numbers and expenses.

    Fintech / Regtech

    Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar

    16/08/2020

    Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.

    Fintech / Regtech

    UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot

    16/08/2020

    The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.

    Fintech / Regtech

    Singapore Premiers Blockchain-based Bond Exchange, BBX

    13/08/2020

    BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.

    Securities / Derivatives

    ASIC Issues Warning on Asset Valuations in Managed Funds

    12/08/2020

    ASIC says it is aware that illiquid assets have been difficult to value amid the pandemic, but asserts that it is precisely in this context that valuations are most important.

    Fintech / Regtech

    ACCC Declines to Pursue Banks Over Screen Scraping Warnings

    12/08/2020

    Australia’s competition watchdog says the banks’ warnings against screen scraping security risks do not constitute anti-competitive conduct.

    Securities / Derivatives

    Korea: FSS to Probe Frozen Notes Linked to Singapore, Hong Kong

    10/08/2020

    The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.

    Market Infrastructure

    Hong Kong FSDC Proposes to Allow Tax Offsets Within Group Structures

    10/08/2020

    The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team