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
Climate Risk
RBNZ Outlines Action Plan for Addressing Climate Risks
27/10/2021
The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.
Credit Risk
FSC Korea to Launch New Initiative to Boost Microfinance
27/10/2021
The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.
Structural Regulation
HK Financial Sector Calls for Easing of Covid Restrictions
25/10/2021
Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.
Credit Risk
HKMA Amends Requirements on Share Margin Financing
25/10/2021
The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.
Reporting & Disclosures
New Zealand Passes Climate Reporting Legislation in World First
24/10/2021
Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.
Alternative Markets
New Rules for PE Funds Take Effect in South Korea
23/10/2021
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
Emerging Prudential Risks
US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
21/10/2021
A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
Supervision & Enforcement
Appeals Tribunal Affirms SFC Punishment of Yi Shun Da Capital
21/10/2021
The Appeals Tribunal upheld the SFC’s decision to punish Yi Shun Da Capital over sponsor failures but reduced the penalty amount.
Clearing & Post-Trade
BSE India to Offer T+1 Settlement from 3 January 2022
21/10/2021
BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.
Cryptocurrency
NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
21/10/2021
The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
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