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
Sustainable Finance
BSP Issues Sustainable Investment Guidelines for Banks
29/08/2022
Banks whose investments are exposed to material environmental and social risks should adopt appropriate tools and metrics to assess, measure, and monitor these risks.
Cloud & Infrastructure
FSC Korea Unveils Reforms to Promote Digital Financial Services
29/08/2022
The FSC will increase opportunities for FIs and fintechs to offer services via integrated apps, while ensuring consumer protections are in place.
Structural Regulation
RBNZ to Restrict Foreign Banks’ Branches from Retail Business
25/08/2022
The RBNZ also proposes to limit the maximum size of a branch of an overseas bank to NZD 15 billion (USD 9.3 billion) in total assets.
Conduct, Culture & Accountability
ASIC Outlines Strategic Priorities in New Corporate Plan
24/08/2022
ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.
Conduct, Culture & Accountability
Australia to Increase Max Penalties for Anti-Competitive Conduct
23/08/2022
The maximum penalties for breaches of competition and consumer laws companies are being raised five-fold for both individuals and corporates.
Structural Regulation
FSC Korea to Revise 5pc Shareholding Disclosure Rule
23/08/2022
The revisions will require more detailed information to be disclosed regarding the purpose of shareholding. Initial adoption will be on a voluntary basis.
Payments & Settlements
RBI Consults on Charges Levied in Payment Systems
18/08/2022
The RBI carried out a review of payment system charges, which consumers complain are “high and non-transparent”.
Cryptocurrency
South Korea Launches Private-Public Taskforce on Digital Assets
18/08/2022
The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.
Trading & Investment
SFC, CSRC Agree to Align Trading Calendars for Stock Connect
15/08/2022
Northbound and southbound Stock Connect trading will be possible on all trading days when both the Hong Kong and Mainland China markets are open.
Emerging Prudential Risks
APRA Corporate Plan Highlights Focus on Industry Resilience
14/08/2022
In its latest corporate plan, APRA said its focus is to ‘protect the community today’ and ensure the financial system is ‘prepared for tomorrow’.
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