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
Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers
25/07/2021
Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.
Resolution & Recovery
Shenzhen Court Ruling Paves Way for China Bankruptcy Law
25/07/2021
A Shenzhen court has reportedly approved a restructuring plan for a businessman requiring him to repay the principal of his loans to creditors.
Anti-Bribery & Corruption
China: Shanxi Banking Regulator to Face Corruption Trial
22/07/2021
Yang Qinghe is accused of abusing his power to help people who bribed him to obtain loans and other benefits.
Trading & Investment
Experts Debate Treatment of Retail Investors in HNA Restructuring
22/07/2021
Debt claims exceeding CNY 30 billion were mainly filed by HNA employees and their relatives who purchased wealth management products from three HNA-backed P2P platforms.
AI Risk & Governance
China Banking Body Mulls Certification for Fintech Professionals
22/07/2021
The China Banking Association plans to launch a government-approved certification programme for fintech professionals.
Structural Regulation
Australia Issues Consultation on Retirement Income Covenant
21/07/2021
Superannuation trustees will be required to have in place a retirement income strategy as outlined in a new position paper from 1 July 2022.
Conduct, Culture & Accountability
Australia: Grandfathered Conflicted Remuneration Comes to an End
21/07/2021
Only eight product issuers still had grandfathered conflicted remuneration arrangements in place as at 1 January 2021.
Data Privacy
China Sets Timelines for Fintechs to Complete Restructuring
21/07/2021
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
Structural Regulation
Australia Consults on Compensation Scheme of Last Resort
21/07/2021
The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
Trading & Investment
China May Allow Foreign Firms to Invest Offshore Yuan via QFII
20/07/2021
Currently the QFII programme only allows foreign investors to use foreign currency, converted into onshore yuan, to invest in mainland markets.
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