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
Market Abuse
FSC Korea Prepares to Lift Ban on Illegal Short Selling
16/01/2021
The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
Trading & Investment
China to Accelerate Development of Domestic Derivatives Market
22/12/2020
China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
Supervision & Enforcement
US SEC Penalises Robinhood $65m for Misleading Customers
21/12/2020
The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.
Structural Regulation
SEBI Consults on New Rules for Index Providers
15/12/2020
SEBI proposes rules for index providers that conform to IOSCO requirements, to align India’s practices with those observed in foreign jurisdictions.
Supervision & Enforcement
ASIC Sues Three Firms For Illicitly Offering FX Margin Trading
15/12/2020
ASIC alleges Union Standard provided trading in margin FX products to clients in China in circumstances where it was illegal for Chinese residents to deal or trade in those products.
Anti-Money Laundering
AUSTRAC Releases Risk Assessment of Junket Tour Operators
15/12/2020
AUSTRAC expects casinos to use the risk assessment to protect their businesses and communities from criminal threats such as money laundering.
Capital Adequacy
Korea Passes Law on Supervision of Non-Holding Financial Groups
15/12/2020
The law requires the establishment of an internal group-wide risk management body, overseen the group’s top representative company.
Sustainable Finance
Taiwan FSC Unveils Three Year Capital Market Roadmap
09/12/2020
The roadmap aims to promote ESG development, establish operational rules to enable central clearing for OTC derivatives, and boost fundraising in the capital markets.
Conduct, Culture & Accountability
ASIC to Update Regulatory Guide on Consumer Remediation
08/12/2020
There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.
Anti-Money Laundering
Global Coalition to Fight Financial Crime Expands Membership
08/12/2020
Interpol and Western Union are among the five new additions to the GCFFC’s membership, bringing the total count to 18 organisations.
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