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
Supervision & Enforcement
BaFin Faces Criminal Probe Over Wirecard Response
14/04/2021
BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.
Trading & Investment
US SEC Identifies Accounting Issues with SPAC Listings
14/04/2021
Some warrants issued to early SPAC investors may have been recorded as equity instruments when they should have instead been recorded as liabilities.
Trading & Investment
China: SAFE Approves $5b in QDLP Quotas for Hainan
14/04/2021
The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
Operational Risk
Nomura Establishes Internal Team to Probe Archegos Loss
13/04/2021
Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
Reporting & Disclosures
New TSE Chief Eyes ESG Focus In Reorganisation Plan
12/04/2021
Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.
Structural Regulation
JD Digits to Set Up Financial Holding Company: Report
12/04/2021
The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
Structural Regulation
China to Open Foreign Access to Hainan Financial Services Sector
12/04/2021
Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
Structural Regulation
Thailand SEC Amends Rules for Capital Market Auditors
12/04/2021
The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.
Structural Regulation
Shenzhen Stock Exchange Merges Main, SME Boards
10/04/2021
The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.
Anti-Money Laundering
CBIRC Reiterates Warning Against Loan Misuse in Property Market
10/04/2021
In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.
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