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
Structural Regulation
Singapore to Introduce Points-based Visa System for Foreigners
15/03/2022
Singapore is seeking to attract higher-calibre foreign workers with “super skill sets” under a new points-based visa system.
Structural Regulation
Philippine Regulators Issue Guidelines on Streamlining Bank M&As
10/03/2022
Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.
Structural Regulation
Hong Kong FRC Consults on New Regulatory Powers
10/03/2022
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
Credit Risk
Hong Kong Balance of Risks Tilted to the Downside: IMF
10/03/2022
The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
Credit Risk
Korea FSS Asks Banks to Increase Bad Debt Reserves
10/03/2022
The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
Cybersecurity
CSA Singapore to Update Cybersecurity Act, Code of Practice
09/03/2022
The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
Structural Regulation
FSC Korea Revises Corporate Governance Disclosure Rules
08/03/2022
The revisions will require companies to provide additional disclosures in relation to business split-offs and internal transactions with affiliated firms.
Anti-Money Laundering
BOT Extends Deadline for PayPal’s AML Compliance to Year-End
08/03/2022
PayPal was scheduled to suspend most services for Thai consumers from 7 March as part of a relaunch of its services to comply with local regulations.
Market Abuse
Indian Police Arrest Former NSE Head Chitra Ramkrishna
07/03/2022
The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.
Credit Risk
BCBS Expresses Concerns About Credit Risk Uncertainty
07/03/2022
Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.
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