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
Operational Risk
FSC Taiwan to Order LINE Bank to Improve Operations
11/05/2021
The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.
Credit Risk
Korea Offers Additional Support to SMEs, Low-Rated Corporates
10/05/2021
The FSC has announced additional support for SMEs, low-rated companies, and corporate bond and CP issuers.
Trading & Investment
WEF Publishes Report Outlining Capital Market Use Cases of DLT
10/05/2021
The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.
CBDCs
Electronic Transactions Association Offers CBDC Guidelines
07/05/2021
The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.
Structural Regulation
SFC May Have Doubts About Allowing SPAC Listings – Report
06/05/2021
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
Fraud, Scams & Cybercrime
HKEX Proceeds to Delist Shares of Convoy Global Holdings
06/05/2021
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
Structural Regulation
KRX Mulls Additional Measures to Attract Unicorn Listings
05/05/2021
Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.
KYC & CDD
Thailand to Tighten Crypto Exchange Account Opening Rules
05/05/2021
Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
Credit Risk
RBNZ to Consider Further Calibration of LVR Restrictions
05/05/2021
The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.
Anti-Money Laundering
Ex-Netflix VP Convicted of Money Laundering, Fraud
05/05/2021
The executive approved millions of dollars in contracts for Netflix to purchase IT products and services in exchange for kickbacks.
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