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
CBDCs
RBI Working Towards Phased Implementation of CBDC
25/07/2021
Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
Structural Regulation
Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers
25/07/2021
Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.
Resolution & Recovery
Shenzhen Court Ruling Paves Way for China Bankruptcy Law
25/07/2021
A Shenzhen court has reportedly approved a restructuring plan for a businessman requiring him to repay the principal of his loans to creditors.
Anti-Bribery & Corruption
China: Shanxi Banking Regulator to Face Corruption Trial
22/07/2021
Yang Qinghe is accused of abusing his power to help people who bribed him to obtain loans and other benefits.
Trading & Investment
Experts Debate Treatment of Retail Investors in HNA Restructuring
22/07/2021
Debt claims exceeding CNY 30 billion were mainly filed by HNA employees and their relatives who purchased wealth management products from three HNA-backed P2P platforms.
AI Risk & Governance
China Banking Body Mulls Certification for Fintech Professionals
22/07/2021
The China Banking Association plans to launch a government-approved certification programme for fintech professionals.
Structural Regulation
Australia Issues Consultation on Retirement Income Covenant
21/07/2021
Superannuation trustees will be required to have in place a retirement income strategy as outlined in a new position paper from 1 July 2022.
Conduct, Culture & Accountability
Australia: Grandfathered Conflicted Remuneration Comes to an End
21/07/2021
Only eight product issuers still had grandfathered conflicted remuneration arrangements in place as at 1 January 2021.
Data Privacy
China Sets Timelines for Fintechs to Complete Restructuring
21/07/2021
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
Structural Regulation
Australia Consults on Compensation Scheme of Last Resort
21/07/2021
The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
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