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
Securities / Derivatives
Thailand SEC Approves New Criteria for SME Fundraising
27/05/2021
The new fundraising criteria for SMEs and startups proposed by the stock exchange are expected to become effective this year.
AML / KYC
Korean Crypto Exchanges Face “Existential Crisis” – Report
27/05/2021
Crypto exchanges have until 24 September to partner with banks on real-name accounts as a requirement for a business licence from the FSC.
S. Korea to Expand Microfinance Support Fund
27/05/2021
Legislative revisions will expand the pool of microfinance funds available by requiring banks and other FIs to make mandatory contributions.
ESG / Sustainability
BOE Explores Options for Greening Bond Purchase Programme
26/05/2021
The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.
Fintech / Regtech
Bank of Korea Seeks Technology Partner to Test CBDC
25/05/2021
The testing and simulation exercise will be conducted in two phases, the first involving the creation, issuance and redemption of a digital won.
Market Infrastructure
ASIC Proposes Updates to Modernise ePayments Code
25/05/2021
ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.
ESG / Sustainability
EBA Publishes Results of Pilot Exercise on Climate Risk
25/05/2021
The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.
Market Infrastructure
G7 Close to Deal on Global Minimum Corporate Tax Rate
24/05/2021
A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.
AML / KYC
Guangdong Restricts Collection of Data in Social Credit Ratings
24/05/2021
The new regulations bar the collection of information on consumers’ religion, blood type, diseases, medical history and biometrics.
Securities / Derivatives
Philippine Bourse Ordered to Show Progress on SME Listings
24/05/2021
The order from the DOF follows the introduction of new listing rules in March, which are aimed at encouraging greater SME participation in the stock market.
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