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
HK Lawmaker Proposes to Use e-HKD as Stablecoin for DeFi
11/01/2023
LegCo member Wu Jiezhuang says using the CBDC as a government-backed stablecoin will help address virtual asset risks and enhance trust in Web3.
Sustainable Finance
Philippine SEC Finalises Rules for SRI Funds
10/01/2023
SRI Funds will have to allocate at least two-thirds of their NAV to their sustainable investment objective.
Structural Regulation
China’s Crackdown on the Tech Sector Nears Conclusion
10/01/2023
Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.
Cybersecurity
Telekom Malaysia Suffers Data Breach, Over 250,000 Users Affected
04/01/2023
The government has instructed Malaysia’s NC4 and JPDP to investigate the breach and take necessary action. Maybank has also launched its own investigation into the breach.
Emerging Prudential Risks
Japan Insurance Gap to Limit LNG Flow from Russia
04/01/2023
Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.
Structural Regulation
Hong Kong Consults on Crowdfunding Regulatory Regime
03/01/2023
A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.
Sustainable Finance
Thailand Consults on ‘Pilot Version’ of Sustainable Finance Taxonomy
02/01/2023
Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.
Conduct, Culture & Accountability
HK Regulators Identify Issues in Sales of Tax-deductible Products
28/12/2022
Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
Trading & Investment
Korean Brokers Put on Notice for Selling, Lending Practices
28/12/2022
The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.
PEPs & Sanctions
Russia, Iran Spend Billions on New Trade Route – Report
28/12/2022
Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.
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