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
China: More Smaller Lenders Set to Join Digital Yuan Pilot
22/08/2021
City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.
Credit Risk
APRA Issues Final Guidance on Credit Risk Management
21/08/2021
The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.
Conduct, Culture & Accountability
AMAC Issues Conduct Guidelines for Managers of Retail Funds
20/08/2021
Directors, supervisors and senior managers should “lead by example” and consciously advocate the implementation of a healthy industry culture.
Structural Regulation
China Drafts Rules Banning Unfair Competition by Tech Firms
20/08/2021
The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.
Cryptocurrency
ASIC Warns Against Unlicensed Crypto Derivatives Trading
19/08/2021
ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.
Conduct, Culture & Accountability
Australian Court Issues Fines in First Criminal Case of Bad Audits
19/08/2021
EC Audit and its former director Robert James Evett have been convicted and sentenced to pay fines for failing to follow auditing standards.
Reporting & Disclosures
Australia Refines Super Fund Rules on Portfolio Disclosures
19/08/2021
The regulations have been refined to ensure the disclosure regime for superannuation fund portfolio holdings is cost-effective and in members best interests.
Liquidity Risk
RBI Loosens Restriction on Foreign Sovereign Bond Holdings
19/08/2021
Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.
Anti-Bribery & Corruption
CCDI Reveals Details of Corruption in China’s Rural Credit System
19/08/2021
Two of the most prominent and well-documented corruption cases disclosed by the CCDI were found at rural credit unions in Anhui and Yunnan.
Structural Regulation
SSE Removes SMIC From Key Index Over VIE Structure
18/08/2021
SMIC will be removed from the SSE SH Equities Index starting 16 August because it is registered in the Cayman Islands.
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