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
Anti-Money Laundering
FinCEN Seeks Comments on Modernising US AML/CFT Regime
15/12/2021
FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
Market Abuse
TWSE Amends Corporate Governance, Insider Trading Rules
15/12/2021
Insiders cannot trade shares 15 days before quarterly reports and 30 days before annual reports. Board independence and diversity rules also included.
Climate Risk
HK to Enhance Mainland Connection via Stock Connect, Carbon Market
15/12/2021
The SFC is seeking to align Hong Kong’s trading days with the mainland, add more securities to Stock Connect, and establish a cross-border carbon market.
Structural Regulation
Indonesia OJK Introduces Dual Class Shares for Tech IPOs
15/12/2021
The move is aimed at incentivising domestic tech firms to list on the IDX to deepen the capital market and make it more attractive to investors.
Clearing & Post-Trade
ASX Introduces Electronic Delivery of CHESS Statements
15/12/2021
The electronic delivery of CHESS statements provides a faster, more efficient service for investors, says ASX group executive Tim Hogben.
Anti-Money Laundering
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
Cryptocurrency
Australia Unveils Plans to Reform, Modernise Payments System
14/12/2021
The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
Trading & Investment
HKEX Lists First ETFs Tracking MSCI China A 50 Connect Index
14/12/2021
Two ETFs managed by China Asset Management and CSOP Asset Management listed on Monday, while a third will list on today.
Payments & Settlements
BIS Calls for Interoperability in Global Payment Systems
14/12/2021
Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
CBDCs
PBOC Reiterates Commitment to Hong Kong Financial Centre
13/12/2021
Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.
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