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

    Australia: Former Financial Adviser Jailed for Six Years

    04/08/2020

    Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.

    Big Picture

    FMSB Publishes Spotlight Review on Market Surveillance

    04/08/2020

    The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.

    Market Infrastructure

    SC Orders Bursa Malaysia to Conduct Full Systems Review

    02/08/2020

    The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

    NAB to Stop Dealing with Unlicensed Debt Management Companies

    02/08/2020

    NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.

    Big Picture

    Third Global Financial Crisis May Be Imminent: ex-HKMA Chief

    30/07/2020

    Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.

    Crypto / Digital Assets

    Philippines Launches DLT-based Distribution of Retail Treasury Bonds

    29/07/2020

    The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.

    Securities / Derivatives

    New Zealand FMA Warns Derivatives Issuers to Ensure Compliance

    29/07/2020

    Self-assessments by derivatives issuers have identified risks stemming from the way they handle client money, provide advice to retail clients, and handle vulnerable customers.

    Securities / Derivatives

    Malaysia Proposes to Allow Lower Public Holding of Large Caps Stocks

    27/07/2020

    Proposed listing rule amendments will allow some large listed issuers to have a public holding spread as low as 15%, compared to the current 25% minimum.

    Securities / Derivatives

    SEBI Directs Funds to Trade Corporate Bonds Through Exchanges

    23/07/2020

    From October, SEBI will require mutual funds to trade at least 10 percent of their corporate bonds through RFQ platforms of stock exchanges to enhance transparency and price discovery.

    Enforcement

    ASIC Commences Civil Penalty Proceedings Against FX Firm

    22/07/2020

    Forex Capital Trading and its sole director allegedly used high pressure sales tactics, false or misleading statements, and conflicted remuneration to maximise trading volume and client deposits.

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