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
Capital / Liquidity
Capital Buffer Rules May Need to Change, says BOE’s Jon Cunliffe
19/10/2020
Restrictions on dividends and other payouts that can be imposed represent a ‘first-mover disadvantage’ to banks dipping into their capital buffers to support lending.
Enforcement
ASIC, Volkswagen Financial Services Settle Responsible Lending Case
19/10/2020
Volkswagen Financial Services Australia will provide remediation worth an estimated A$4.7mn to approximately 1,800 loan consumers.
Fintech / Regtech
China Pushes For Faster Launch of Digital Currency
19/10/2020
The Shenzhen government is issuing 10 million yuan worth of digital currency for testing as part of ongoing DC/EP pilot tests.
Securities / Derivatives
SEBI Issues Series of Risk-Reducing Measures for Debt Funds
18/10/2020
The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.
Cambodia Set To Launch Covid-19 Credit Guarantee Scheme
18/10/2020
A USD 200 million credit guarantee scheme is expected to launch in late October or November, providing a risk-sharing facility for banks to lend to businesses.
AML / KYC
Bangladesh ACC Calls For Tighter KYC Rules for NBFIs
14/10/2020
The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.
Market Infrastructure
BSP Amends Operational Risk Guidelines to Include ‘People Risk’
13/10/2020
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
Crypto / Digital Assets
UK FCA Bans Retail Sale Of Crypto Asset Derivatives
08/10/2020
The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.
Crypto / Digital Assets
Thailand: SET to Establish Digital Asset Trading Platform
08/10/2020
The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
Fintech / Regtech
Philippine DOF Push For Joint Cyber Defence Strategy
08/10/2020
State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.
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