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
EBA Issues New Guidelines, Technical Standards for AML/CFT
23/12/2021
The guidelines cover supervisory cooperation and risk-based supervision of banks. New draft RTS are published for a new EU-wide database known as EuReCa.
Structural Regulation
CSRC to Bar Mainlanders from Using Northbound Stock Connect
22/12/2021
A CSRC rule amendment will specify that mainland investors are not to be included as qualified investors in the northbound legs of Stock Connect.
CBDCs
PBOC to Connect Digital Yuan to HK Faster Payment System
22/12/2021
The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.
Capital Adequacy
APRA Outlines Considerations for CCyB Decisions
22/12/2021
APRA confirmed that the CCyB would be set at the new default level of 1 percent of RWA from 1 January 2023, a feature of the new bank capital framework.
Structural Regulation
Vietnam Debuts New Umbrella Entity to Manage Stock Exchanges
16/12/2021
VNX, or Vietnam Stock Exchange, will serve as a new umbrella entity to manage the Hanoi and Ho Chi Minh stock exchanges.
Capital Adequacy
RBI Introduces New PCA Framework For NBFCs to Contain Risk
16/12/2021
The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
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.
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