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
Enforcement
China: Ex-Banking Regulator Admits to Taking Bribes
17/05/2021
The former head of the CBRC’s Inner Mongolia branch is linked to Baoshang Bank, a local lender that was taken over by the state in 2019.
Fintech / Regtech
BOK Seeks Authority to Monitor Crypto Transactions – Report
15/05/2021
The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.
Fintech / Regtech
HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests
15/05/2021
The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.
AML / KYC
Pakistan to Pass Two New Laws to Meet FATF Action Plan
15/05/2021
The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.
Big Picture
SWIFT, Accenture Explore Real-world Implications of CBDCs
13/05/2021
SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.
Capital / Liquidity
CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets
13/05/2021
Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
AML / KYC
Philippine SEC Rates Securities Sector for Money Laundering
12/05/2021
The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.
AML / KYC
Korean Lawmakers Push for Tougher Crypto Legislation
11/05/2021
Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.
Market Infrastructure
CBIRC to Implement New Licensing Rules for FIs From 1 July
11/05/2021
Under the new rules, CBIRC supervised institutions will be classified into three categories – financial, insurance and insurance intermediary.
Securities / Derivatives
CFA Institute Launches Working Group to Examine SPACs
11/05/2021
The working group will publish a report in early 2022 and present its findings and policy recommendations, to US and global regulators.
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