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
SFC Commences Additional MMT Proceedings in Ding Yi Feng Case
15/11/2024
Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.
Climate Risk
APRA Releases Results of Latest Climate Risk Self-Assessments
14/11/2024
Climate risk maturity has improved at larger entities. APRA plans to amend its prudential standards on risk management to include climate risk.
Reporting & Disclosures
BSP Issues Adoption Guidance for Sustainable Finance Taxonomy
14/11/2024
The guidelines help banks assess whether economic activities contribute to SFTG environmental objectives and meet the DNSH and other criteria.
Credit Risk
New Zealand Court Fines Lender for Credit Law Breaches
14/11/2024
Some of Eagle MAN’s loans charged an interest rate of 182.5 percent per annum, on top of credit and default fees.
Conduct, Culture & Accountability
ASIC Sues Cbus Trustee Over Systemic Claims Handling Failures
14/11/2024
ASIC said more than 10,000 members and claimants of Cbus were impacted by slow processing of death benefits and TPD insurance claims.
Conduct, Culture & Accountability
Korea FSS Fines Shinhan Bank over Prohibited Business Conduct
13/11/2024
The FSS fined Shinhan Bank KRW 280 million and directed the bank to improve its internal controls for handling vulnerable customers.
Data Privacy
Australia Enhances CDR Regime to Boost Ease of Use
13/11/2024
The changes simplify the consent process and the requirements that apply when accredited banks seek data from a consumer.
Fraud, Scams & Cybercrime
Australia Jails Ex-Investment Manager Over False Performance Reports
13/11/2024
The forged portfolio performance verification reports falsely verified or claimed a history of successful investment returns.
Capital Adequacy
HKMA Proposes Revisions to Policy Manual on Pillar 2 Capital
12/11/2024
The revisions incorporate the Basel III reforms and allow Pillar 2 capital charges to be imposed for inadequate systems and controls to address climate risks.
Anti-Money Laundering
AUSTRAC Launches New System for Enrolment, Registration and Reporting
12/11/2024
AUSTRAC says the new online portal makes it easier and faster to enrol or register a new business and to meet AML/CTF obligations.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.