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
Conduct, Culture & Accountability
ASIC Urges Listed Entities to Disclose Business Risk Properly
23/12/2021
Listed company directors and auditors should focus on impairment of assets, particularly as some businesses may be adversely affected in a post-Covid environment.
Structural Regulation
SEC Issues New Disclosure Guidance for US-Listed Chinese Firms
23/12/2021
The guidance focuses on the need for clear and prominent disclosure regarding the use of VIE and SPAC structures, and the associated legal and operational risks.
Anti-Money Laundering
EBA Issues New Guidelines, Technical Standards for AML/CFT
23/12/2021
The guidelines cover supervisory cooperation and risk-based supervision of banks. New draft RTS are published for a new EU-wide database known as EuReCa.
Structural Regulation
CSRC to Bar Mainlanders from Using Northbound Stock Connect
22/12/2021
A CSRC rule amendment will specify that mainland investors are not to be included as qualified investors in the northbound legs of Stock Connect.
CBDCs
PBOC to Connect Digital Yuan to HK Faster Payment System
22/12/2021
The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.
Capital Adequacy
APRA Outlines Considerations for CCyB Decisions
22/12/2021
APRA confirmed that the CCyB would be set at the new default level of 1 percent of RWA from 1 January 2023, a feature of the new bank capital framework.
Structural Regulation
Vietnam Debuts New Umbrella Entity to Manage Stock Exchanges
16/12/2021
VNX, or Vietnam Stock Exchange, will serve as a new umbrella entity to manage the Hanoi and Ho Chi Minh stock exchanges.
Capital Adequacy
RBI Introduces New PCA Framework For NBFCs to Contain Risk
16/12/2021
The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
Anti-Money Laundering
FinCEN Seeks Comments on Modernising US AML/CFT Regime
15/12/2021
FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
Market Abuse
TWSE Amends Corporate Governance, Insider Trading Rules
15/12/2021
Insiders cannot trade shares 15 days before quarterly reports and 30 days before annual reports. Board independence and diversity rules also included.
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