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 Abuse
Korean Regulators Discover Insider Trades at Securities Firm
10/08/2023
Employees at the securities unit of an unnamed bank used nonpublic information about bonus issues by listed companies to generate billions of won in profits.
Conduct, Culture & Accountability
ASIC Sues Ex-Director of Dixon Advisory for Alleged Breach of Duty
05/08/2023
ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.
Trading & Investment
ASIC Sues eToro Over Retail Sales of High Risk CFD Products
03/08/2023
ASIC says eToro’s target market was too broad for “such a high-risk and volatile trading product where most clients lose money”.
Fraud, Scams & Cybercrime
ACCC Permits Banks to Collaborate on Anti-Scam Standards
03/08/2023
The ABA and its member banks are permitted to collaborate on the development of cross-industry standards to combat scams.
Conduct, Culture & Accountability
AFCA Consults on Approach to Responsible Lending Complaints
03/08/2023
Two separate consultations are being released, one on general responsible lending practices and the other on appropriate lending to small businesses.
Market Abuse
ASIC Warns of More Enforcements in the ‘Coming Months’
03/08/2023
ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.
Conduct, Culture & Accountability
APRA Finalises New Requirements on Remuneration Disclosures
02/08/2023
New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.
Trading & Investment
FSS Korea Directs to Foreign Firms to Improve Trading Controls
02/08/2023
The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.
Clearing & Post-Trade
HKEX Adds Additional Margin Calculation Flexibility to VaR Platform
02/08/2023
The changes are designed to accommodate the needs of more complex portfolios and allow firms to easily exclude positions that will be settled by end of day.
Market Abuse
South Korea Penalises 18 Firms for Short-Selling Violations
01/08/2023
The biggest fines went to QUANTin Asset Management and PFM Asset Management, which were penalised more than a combined KRW 600 million.
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