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
Conduct, Culture & Accountability
APRA, ASIC Issue Draft Rules for New Financial Accountability Regime
20/07/2023
APRA and ASIC are consulting on the proposed regulator rules, ADI key functions and transitional rules to support the implementation of the new FAR.
Emerging Prudential Risks
APRA, ASIC Calls on Super Funds to Improve Retirement Outcomes for Members
20/07/2023
APRA deputy chair Margaret Cole said there has been a lack of progress and insufficient urgency overall when it comes to implementation of the Retirement Income Covenant.
Structural Regulation
Korea to Loosen Rules for FIs on Foreign Subsidiary Ownership
20/07/2023
The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.
Cryptocurrency
ASIC Cancels FTX Australia’s AFS Licence
20/07/2023
FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.
Conduct, Culture & Accountability
ASIC Issues First Stop Order on Life Insurance Products
20/07/2023
ASIC issued the interim stop order against Clearview Life to protect consumers from acquiring two income protection cover products that may not be consistent with their needs.
Conduct, Culture & Accountability
Korea Forms Taskforce to Draw Up Corporate Governance Guidelines for Banks
20/07/2023
The guidelines will cover CEO appointments, management succession procedures, and evaluation and supporting systems for independent directors.
Data Privacy
Korea FSC Designates Eight More ‘Data Specialising Institutions’
19/07/2023
The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.
Climate Risk
NZ FMA Issues Guidance on Climate-related Scenario Analysis
19/07/2023
The information sheet offers guidance on the disclosures firms have to make about the methods and assumptions underlying their scenario analysis and how the process has been conducted.
Payments & Settlements
Hong Kong to Launch New eMPF Platform in Q2 2024
19/07/2023
Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.
Structural Regulation
Korea FSS Launches New Online Licence Application Platform
18/07/2023
The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.
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