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
Data Privacy
Chinese Firms Redirect IPOs From New York to Hong Kong
26/07/2021
Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.
Trading & Investment
Shanghai to Test Yuan in Cross-border Financial Products
26/07/2021
Shanghai’s Pudong New Area will be able to freely use the yuan in cross-border financial products in a new pilot programme.
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.
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