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
Conduct, Culture & Accountability
ASIC Offer Guidance on New Complaints Handling Obligations
03/09/2021
ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.
Trading & Investment
HKEX Identifies Compliance Deficiencies by Exchange Participants
03/09/2021
In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.
CBDCs
BIS, Four Central Banks Partner to Test Cross-Border CBDC Use
03/09/2021
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
Structural Regulation
S. Korea Bans Payment Monopolies in App Stores
02/09/2021
South Korea is the first country to pass legislation forcing companies like Apple and Google to offer payment alternatives in their app stores.
Conduct, Culture & Accountability
Australian Industry Bodies to Standardise Advice Fee Disclosures
01/09/2021
The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.
Structural Regulation
Australia Issues Consultation to Finalise CCIV Regime
31/08/2021
The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
Credit Risk
APRA Confirms Approach to New Credit Risk Reporting Standard
31/08/2021
APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.
Payments & Settlements
Australia Payments System Review Exposes Regulatory Gaps
31/08/2021
The review recommends enhancing the government’s powers to protect the payments system. A single, integrated licensing framework for payment services should also be introduced.
Supervision & Enforcement
13 Super Funds Fail APRA’s First Performance Test
31/08/2021
If the failing super funds do not improve in next year’s test they will have to transfer their members to funds that deliver better outcomes.
CBDCs
India Targets December for CBDC Pilot Testing
31/08/2021
RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
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