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
Korea, Thailand Sign MoU on Financial Services Regulation
25/09/2020
The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.
Trading & Investment
US Launches Three New Exchanges, Including MEMX
24/09/2020
Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.
CBDCs
PBOC, JD.com Partner to Support Digital Currency Fintechs
24/09/2020
The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.
Credit Risk
BSP Orders Mandatory 60-Day Moratorium on All Loans
23/09/2020
Lenders are asked to implement a mandatory one-time 60-day grace period for all loans falling due on or before 31 December 2020.
Conduct, Culture & Accountability
Korea FSS Finds Banks Failing to Inform Borrowers of Rights
23/09/2020
Since June 2019, banks have been required to inform customers of their right to request lower interest rates when their credit profiles improve or their assets increase.
Trading & Investment
SEBI Modifies NAV Rules for Mutual Fund Schemes
22/09/2020
The move is expected to create a more level playing field for all mutual fund investors and promote greater use of digital payment channels.
Cryptocurrency
EU Set to Unveil Regulatory Framework for Crypto-assets
22/09/2020
A leaked set of proposals indicates the European Commission is looking to introduce an EU-wide digital finance framework to hep regulate crypto-asset activities.
Structural Regulation
Cambodia to Unify Non-Banking Financial Services Regulators
18/09/2020
Regulators of insurance, private pensions, securities, social security, administration, accounting and auditing, real estate, mortgages and guarantees will be combined into a single authority.
Emerging Prudential Risks
CBIRC Steps Up Efforts to Control Risks in Internet Finance
17/09/2020
Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.
Structural Regulation
Myanmar Plans Second Stock Exchange For Public Companies
17/09/2020
The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.
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