
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.
Capital Adequacy
Sri Lanka Central Bank Directs Banks to Defer Dividends
28/07/2021
The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
Payments & Settlements
Eftpos Explores Better Access to Electronic Payments by Fintechs
28/07/2021
A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.
Sustainable Finance
Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits
27/07/2021
Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.
Structural Regulation
RBNZ, FMA Consult on Implementation of FMI Act
27/07/2021
The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
Market Data & Technology
New Body Formed to Promote Open Standards for Capital Markets
27/07/2021
The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.
Structural Regulation
Thailand SEC Consults on Securities Law Revisions
27/07/2021
The amended Securities and Exchange Act will promote cooperation between financial market regulators including the SEC, BOT and OIC.
Data Privacy
Chinese Firms Redirect IPOs From New York to Hong Kong
26/07/2021
Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.
Trading & Investment
Shanghai to Test Yuan in Cross-border Financial Products
26/07/2021
Shanghai’s Pudong New Area will be able to freely use the yuan in cross-border financial products in a new pilot programme.
CBDCs
RBI Working Towards Phased Implementation of CBDC
25/07/2021
Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
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.
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