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
Fraud, Scams & Cybercrime
Korea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud
31/08/2021
The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
Data Privacy
CSRC Considers Barring Data-Heavy Firms from Listing Overseas
30/08/2021
The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.
Structural Regulation
ACCC Opens Competition Inquiry Into NAB-Citigroup Deal
30/08/2021
The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
Payments & Settlements
IMF Spotlights Legal Challenges of Fintech for Central Banks
30/08/2021
A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.
Operational Risk
APRA Focuses on Resilience in Updated Corporate Plan
30/08/2021
APRA will look to enhance resilience in the financial system, including cyber resilience, while also transforming governance, risk-culture, remuneration and accountability.
Emerging Prudential Risks
PBOC Receives Third Financial Holding Company Application
29/08/2021
Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.
Trading & Investment
Korean Fund Managers Allowed to Cross-List Chinese ETFs
26/08/2021
The FSC has enacted rule changes that allow domestic asset management firms to cross-list Chinese ETFs in Korea starting Friday (27 August).
Conduct, Culture & Accountability
Australian Court Fines NAB Over Fee Disclosure Statements
26/08/2021
NAB charged fees for personal advice without providing customers fee disclosure statements, providing them late, or containing false misleading information.
Credit Risk
APRA Releases Response Letter on Treatment of Covid Loans
26/08/2021
APRA is extending the time period for temporary adjustments to APS 220 so that loans granted repayment deferrals from 8 July until 30 September are covered.
Payments & Settlements
Bank Indonesia Issues Framework for Open Banking
26/08/2021
Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
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