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
Market Infrastructure
Vietnam Debuts New Umbrella Entity to Manage Stock Exchanges
16/12/2021
VNX, or Vietnam Stock Exchange, will serve as a new umbrella entity to manage the Hanoi and Ho Chi Minh stock exchanges.
Capital / Liquidity
RBI Introduces New PCA Framework For NBFCs to Contain Risk
16/12/2021
The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
AML / KYC
FinCEN Seeks Comments on Modernising US AML/CFT Regime
15/12/2021
FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
Securities / Derivatives
TWSE Amends Corporate Governance, Insider Trading Rules
15/12/2021
Insiders cannot trade shares 15 days before quarterly reports and 30 days before annual reports. Board independence and diversity rules also included.
ESG / Sustainability
HK to Enhance Mainland Connection via Stock Connect, Carbon Market
15/12/2021
The SFC is seeking to align Hong Kong’s trading days with the mainland, add more securities to Stock Connect, and establish a cross-border carbon market.
Securities / Derivatives
Indonesia OJK Introduces Dual Class Shares for Tech IPOs
15/12/2021
The move is aimed at incentivising domestic tech firms to list on the IDX to deepen the capital market and make it more attractive to investors.
Securities / Derivatives
ASX Introduces Electronic Delivery of CHESS Statements
15/12/2021
The electronic delivery of CHESS statements provides a faster, more efficient service for investors, says ASX group executive Tim Hogben.
AML / KYC
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
Crypto / Digital Assets
Australia Unveils Plans to Reform, Modernise Payments System
14/12/2021
The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
Securities / Derivatives
HKEX Lists First ETFs Tracking MSCI China A 50 Connect Index
14/12/2021
Two ETFs managed by China Asset Management and CSOP Asset Management listed on Monday, while a third will list on today.
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