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
CBDCs
RBA Completes CBDC Research Project, Issues Findings
24/08/2023
The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.
Structural Regulation
SEBI Proposes to Form New Supervisory Body for Research Analysts
24/08/2023
SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.
Climate Risk
RBNZ Releases Results of Second Climate Risk Survey
24/08/2023
Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.
Conduct, Culture & Accountability
Korea: BNK Establishes Dedicated Team to Enhance Internal Controls
23/08/2023
The internal control analysis team is a response to multiple cases of misconduct by employees at BNK Kyongnam Bank.
Anti-Money Laundering
Wolfsberg Group Responds to FATF Consultation on NPO Standards
23/08/2023
It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.
Cryptocurrency
New Zealand: Collapsed Crypto Firm Reported to FMA, SFO
22/08/2023
Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.
Market Abuse
SGX RegCo Issues Alert Against Dasin Retail Trust
22/08/2023
An individual apparently bought units to push up the price of Dasin Retail Trust, a China retail property trust providing exposure to the GBA.
Sustainable Finance
BSP Signs UN-backed Principles for Responsible Investment
22/08/2023
Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.
Payments & Settlements
Indonesia, Singapore Start QR Payment Interconnection Trial
21/08/2023
The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.
Conduct, Culture & Accountability
RBI Unveils New Penal Charges Regime to Promote Fair Lending
21/08/2023
The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.
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