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
Trading & Investment
HK, China to Launch Southbound Bond Connect in July – Report
27/04/2021
The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.
Credit Risk
PBOC Ratings Results Highlight Drop in High Risk Institutions
27/04/2021
The PBOC found rural institutions and village banks to be the riskiest, accounting for a majority of the 442 institutions that are in the ‘red zone’.
Cloud & Infrastructure
MAS Calls on Governments to Advance Digital Infrastructure
27/04/2021
MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
Anti-Money Laundering
Hong Kong: Six Arrested for Laundering HK$2.5bn
26/04/2021
The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
Custody & Infrastructure
UK Taskforce Publishes Digital Dispute Resolution Rules
25/04/2021
The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.
PEPs & Sanctions
Final Phase of Meng Extradition Case to Be Delayed
25/04/2021
The final phase of the extradition case is being delayed to allow Meng’s lawyers to examine documents being provided by HSBC as a result of a Hong Kong court ruling.
Operational Risk
FINMA Opens Probe Into Credit Suisse Archegos Losses
24/04/2021
The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.
Conduct, Culture & Accountability
Taiwan FSC Probes Next Bank Over Possible Regulatory Breaches
22/04/2021
Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
Conduct, Culture & Accountability
FMA Warns Fund Managers Not to Mislead Investors
22/04/2021
The FMA has directed fund managers not to advertise performance which only includes the recovery after March 2020.
Resolution & Recovery
New Zealand to Introduce Deposit Guarantee Scheme by 2023
22/04/2021
The NZBA’s Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
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