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
AI Risk & Governance
FSC Korea Vows to “Actively” Support AI-based Financial Services
19/05/2023
FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.
CBDCs
Canvas Completes First FX Transaction Using Australian CBDC
18/05/2023
The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.
Payments & Settlements
Thailand Considers Using Local Currency Settlement for China Trade
18/05/2023
Bank of Thailand has been studying the barriers to yuan-baht payments and plans to reduce these barriers this year.
Trading & Investment
Shanghai Bourse to Launch Options on STAR Market ETF
17/05/2023
The options will be linked to an ETF that tracks the biggest 50 stocks on the STAR Market. The options are expected to launch within weeks.
Cryptocurrency
EU Council Formally Adopts New Legal Framework for Crypto
17/05/2023
New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.
Sustainable Finance
Philippine SEC Adopts ASEAN SRF Standards
14/05/2023
Rules are established to enable local and ASEAN-member investment companies and CIS operators to offer sustainable and responsible funds locally and across the region.
Emerging Prudential Risks
FSB Assessing Role of Social Media in Bank Failures
11/05/2023
Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.
Anti-Money Laundering
India Brings Company Formation Agents into Scope of AML Law
11/05/2023
Persons who act as formation agents, directors, trustees and nominee shareholders for companies and LLPs are brought into scope.
Resolution & Recovery
MAS Considers Possible Changes to Deposit Insurance Scheme
10/05/2023
MAS will issue a consultation by the end of June on proposals to ensure Singapore’s deposit insurance scheme remains fit for purpose.
Structural Regulation
FSC Korea to Lower Regulatory Burden for Firms Seeking M&A
09/05/2023
The FSC will ease requirements on potential buyers to prove their financial capacity and set up facilities to help finance M&A activity.
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