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
Cloud & Infrastructure
RBI Issues Draft Rules on Managing IT Outsourcing Risks
28/06/2022
Regulated entities don’t require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
Structural Regulation
ASIC Issues Guidance on CCIV Registration, Licensing
24/06/2022
To register a CCIV and initial sub-fund, a corporate director would first need to obtain an AFS licence, which can be a variation of an existing licence.
Reporting & Disclosures
IFRS Foundation, VRF Finalise Consolidation Arrangements
24/06/2022
The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.
Anti-Money Laundering
AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions
22/06/2022
AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
Reporting & Disclosures
Thai SEC Partners With CDP to Drive Environmental Disclosures
22/06/2022
The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.
Structural Regulation
Korea Post Offices to Start Offering Simple Banking Services
22/06/2022
Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks – Kookmin, Shinhan, Woori and KEB Hana.
Trading & Investment
Hong Kong Travel Restrictions Hindering Wealth Connect – Reports
22/06/2022
Wealth Management Connect had attracted only 0.3 percent of the total quota since its inception in October. HKIFA calls for an end to quarantine rules.
Reporting & Disclosures
MAS Unveils First Use Case for New AI Platform ‘NovA!’
22/06/2022
NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.
DeFi & Web3
‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS
19/06/2022
A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.
Structural Regulation
Japanese Tax System Derailing Tokyo Hub Ambitions: Report
16/06/2022
The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”
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