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
Structural Regulation
Guangdong to Establish New International Bank Under GBA Plan
26/01/2022
A futures exchange centre also be established to support the SZSE in implementing a whole-market registration system.
Credit Risk
Bangladesh Bank Reduces Limits on Borrower Exposures
26/01/2022
The exposure limits have been tightened to strengthen the banks’ credit risk management and ensure stability of the sector.
Structural Regulation
China Tightens Rules on Internet Platform Companies
26/01/2022
The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
Cloud & Infrastructure
ASIC to Enhance Corporate Disclosures Through Regtech
24/01/2022
Five regtechs are tasked with conducting a feasibility study to help ASIC analyse corporate disclosures and assess compliance by listed companies.
Fraud, Scams & Cybercrime
Taiwan FSC Asks Banks to Review Mortgage Practices
24/01/2022
The FSC has discovered a scheme to induce investors to apply for mortgages from banks and use the proceeds to speculate in the real estate market.
Sustainable Finance
Bangladesh Bank Issues New CSR Guideline for Banks
21/01/2022
Banks and FIs should spend at 20 percent of their CSR funds on the environment and climate change mitigation and adaptation, up from 10 percent previously.
Structural Regulation
RBNZ, FMA Releases Finalised Framework for FMIs
21/01/2022
Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.
Anti-Money Laundering
AUSTRAC Expands AML Probe of Star Casino Group to ‘Other Entities’
21/01/2022
AUSTRAC has advised Star that it has not yet made a decision regarding its regulatory response, including whether or not enforcement action will be taken.
Fraud, Scams & Cybercrime
FSC Taiwan Lowers Notification Threshold for Online Transactions
21/01/2022
Banks have six months to update their system to reflect the new TWD 3,000 threshold that will trigger notifications that an online card transaction has taken place.
Trading & Investment
Shanghai INE Opens Applications for New Market Makers
20/01/2022
Shanghai INE says new market makers must have net assets of no less than CNY 50 million or its equivalent in foreign currency.
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