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
RBNZ Reprimands Pacific International Insurance Over Reporting Failures
03/12/2020
The RBNZ says Pacific International Insurance’s poor history of non-compliance with regulatory reporting requirements continued despite repeated warnings.
Trading & Investment
Ho Chi Minh Bourse to Raise Minimum Board Lot Tenfold
03/12/2020
HoSE plans to allow two weeks for modifications to trading systems, one week for testing, and implementation in January 2021.
Market Data & Technology
NZFMA Starts Publishing New OCR Compound Index
03/12/2020
The OCR compound index provides market participants with a standardised method of calculating term risk-free interest rates in arrears.
Emerging Prudential Risks
China Crackdown Brings Number of Active P2P Lenders to Zero
02/12/2020
Chinese media reports that the number of P2P lenders has now fallen to zero, down from a peak of almost 6,000 such firms in 2017.
Payments & Settlements
HKMA Unveils New FPS Feature Allowing Link to HKID
02/12/2020
From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.
Capital Adequacy
RBNZ Consults on Insurance Act, Solvency Standards
02/12/2020
The consultations form part of a multi-year review to ensure the existing frameworks remain effective and promote public trust in the insurance sector.
Structural Regulation
RBI Chief Calls for Smooth Transition from LIBOR
02/12/2020
Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.
Supervision & Enforcement
ASIC Files Court Proceedings Against CBA for Overcharged Interest
02/12/2020
The overcharging of interest in overdraft accounts was caused by a systems error, which CBA tried to fix manually. ASIC says the bank broke the law over 12,000 times.
Anti-Money Laundering
Cambodia Enacts Law to Regulate Local Gaming Industry
29/11/2020
The new law seeks to address a FATF requirement for Cambodia to implement risk-based supervision for casinos, while also helping to further develop the gaming sector.
Payments & Settlements
Myanmar Launches New Interbank Payment, Settlement System
29/11/2020
Modelled after Japan’s national payment system, the new system is expected to enhance straight-through processing between the central bank and FIs.
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