
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.
Climate Risk
EBA Publishes Results of Pilot Exercise on Climate Risk
25/05/2021
The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.
Structural Regulation
G7 Close to Deal on Global Minimum Corporate Tax Rate
24/05/2021
A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.
Data Privacy
Guangdong Restricts Collection of Data in Social Credit Ratings
24/05/2021
The new regulations bar the collection of information on consumers’ religion, blood type, diseases, medical history and biometrics.
Trading & Investment
Philippine Bourse Ordered to Show Progress on SME Listings
24/05/2021
The order from the DOF follows the introduction of new listing rules in March, which are aimed at encouraging greater SME participation in the stock market.
Anti-Money Laundering
US Treasury Paper Outlines Proposal for New Tax Reporting Regime
24/05/2021
The paper proposes that transfers involving crypto assets worth more than USD 10,000 be reported to the IRS under the new reporting regime.
Clearing & Post-Trade
TDCC, Glass Lewis Announce Partnership on Proxy Reports
24/05/2021
The initiative will enable the TDCC to provide Taiwan issuers with proxy research reports, which will help to enhance transparency for investors.
Trading & Investment
Hainan Unveils 3-Year Plan to Improve Investment Environment
24/05/2021
The Hainan action plan encourages regional businesses to pursue financing by listing on both domestic and overseas exchanges.
CBDCs
Infrastructure Critical for Successful CBDC Development – Report
22/05/2021
A new report analyses the four axes of consideration for the design features of all CBDCs, as proposed by the IMF, and the implications each choice has on infrastructure.
Sustainable Finance
Thailand SEC Issues Rules for Sustainability-Linked Bond Issuance
21/05/2021
To help promote the issuance and offering of sustainability-linked bonds, the SEC will waive application and registration fees until 31 May 2022.
CBDCs
CBDCs Present Central Banks with Risk-Benefit Trade-off: Fitch
20/05/2021
The potential for funds to move quickly into CBDC accounts could cause credit strains in some banks and push up interest rates.
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