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
Fintech / Regtech
BSP Launches Digital Payment Platform for Retail Transactions
14/09/2020
The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.
Securities / Derivatives
Taiwan Central Bank Denies Ordering Traders to Limit US Dollar Sales
14/09/2020
The central bank said the directions to traders were aimed at facilitating the smooth flow of the local foreign exchange market, and that it respects bid-offer practices in the FX market.
Securities / Derivatives
SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks
14/09/2020
New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.
Market Infrastructure
Taiwan Banks Urged To Offer Bilingual Financial Services
14/09/2020
The FSC is encouraging all banks to set up bilingual branches and enhance the English proficiency of their staff members as part of its efforts to become a regional financial hub in Asia.
Enforcement
HK Police Arrest 15 on Stock Manipulation Suspicions
10/09/2020
Police believe the 15 individuals manipulated the stock price of Next Digital after its owner Jimmy Lai was arrested last month.
Securities / Derivatives
ASIC Defers New Fee Disclosure Obligations Two Years to 2022
10/09/2020
Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.
Enforcement
Bursa Malaysia Suspends Prop Trader For Order Book Manipulation
10/09/2020
The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.
Securities / Derivatives
SEBI Revises Mutual Fund Side Pocketing Standards
08/09/2020
Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
Fintech / Regtech
Tokyo Bourse, IHS Markit to Combine Securities Finance Data
08/09/2020
The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.
Securities / Derivatives
TOCOM Seeks Market Makers for Electricity Futures Contracts
07/09/2020
The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.
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