
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.

Structural Regulation
SEBI Proposes Formation of New Agency to Validate Performance Claims
04/09/2023
SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.

Cloud & Infrastructure
FSC Korea Pledges Support for Fintech Industry
31/08/2023
The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.

Credit Risk
ASIC Calls on Lenders to Support Customers Experiencing Hardship
30/08/2023
Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.

Climate Risk
HKMA Sets Out Transition Planning Principles for Banks
30/08/2023
The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.

Fraud, Scams & Cybercrime
UN Report Calls for Action to Address Scam Operations in Southeast Asia
30/08/2023
The report says people who are forced to work in scamming operations endure “inhumane treatment” and should be treated as victims, not criminals.

Emerging Prudential Risks
APRA to Develop Cross-Industry Stress-Testing Framework
30/08/2023
APRA will explore how shocks may be mitigated or propagated by interactions between banking, insurance, and superannuation.

Market Abuse
SFC, ICAC Acts Against Suspected Market Manipulation Syndicate
30/08/2023
One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.

Trading & Investment
HK Establishes Task Force on Enhancing Stock Market Liquidity
30/08/2023
The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

Cloud & Infrastructure
Australia Abruptly Halts Business Registers Upgrade Project
29/08/2023
Australia is stopping work on its business registers modernisation programme due to its excessive cost and expected time-to-completion.

Payments & Settlements
Korea Seeks to Export Financial Infrastructure to Overseas Markets
28/08/2023
The FSC is working on plans to boost exports of Korean financial infrastructure to overseas markets such as in Southeast Asia.
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