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
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”.
Cryptocurrency
Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence
20/08/2023
Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.
Structural Regulation
FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies
18/08/2023
Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.
Anti-Money Laundering
NZ DIA Warns Money Remitters on Using Third-Party Accounts
17/08/2023
Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.
Clearing & Post-Trade
Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug
16/08/2023
The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.
Reporting & Disclosures
US SEC Scrutinising ESG Marketing by Fund Managers – Report
16/08/2023
The SEC’s enforcement division sent document requests to several asset managers seeking information about their ESG strategies and marketing prepositions.
Cloud & Infrastructure
India Contemplates New Law to Regulate Big Tech
15/08/2023
An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.
Structural Regulation
Korea Set to Implement New Rules for Bank Closures, Acquisitions
15/08/2023
The government has approved changes to the enforcement decree of the Banking Act, a revised version of which will take effect on 22 September.
Market Abuse
Kakao Founder’s Office Searched Over Stock Manipulation Allegations
11/08/2023
The FSS raided the office of Kakao founder Kim Beom-su and confiscated materials related to allegations of market manipulation.
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