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
Structural Regulation
FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies
18/08/2023
Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.
Anti-Money Laundering
NZ DIA Warns Money Remitters on Using Third-Party Accounts
17/08/2023
Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.
Clearing & Post-Trade
Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug
16/08/2023
The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.
Reporting & Disclosures
US SEC Scrutinising ESG Marketing by Fund Managers – Report
16/08/2023
The SEC’s enforcement division sent document requests to several asset managers seeking information about their ESG strategies and marketing prepositions.
Cloud & Infrastructure
India Contemplates New Law to Regulate Big Tech
15/08/2023
An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.
Structural Regulation
Korea Set to Implement New Rules for Bank Closures, Acquisitions
15/08/2023
The government has approved changes to the enforcement decree of the Banking Act, a revised version of which will take effect on 22 September.
Market Abuse
Kakao Founder’s Office Searched Over Stock Manipulation Allegations
11/08/2023
The FSS raided the office of Kakao founder Kim Beom-su and confiscated materials related to allegations of market manipulation.
Liquidity Risk
KDIC to Automate Deposit Monitoring to Avert Run Risk
11/08/2023
Korea Deposit Insurance Corp is seeking to establish a monitoring system for deposits at local savings banks to ensure financial stability.
Fraud, Scams & Cybercrime
ASIC Sues Debt Management Firm for Causing Consumer Harm
10/08/2023
The debt management firm offered to help borrowers solve their financial burdens but instead caused them more harm, ASIC alleges.
Emerging Prudential Risks
APRA Refocuses Policy Priorities on Financial Stability of Banks
10/08/2023
For the rest of 2023, APRA is prioritising “immediate actions to strengthen standards for bank financial stability issues”.
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