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
Reporting & Disclosures
BSP Outlines Expectations for Banks on Sustainable Finance
04/06/2021
Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.
CBDCs
BOT Awards CBDC Contract to German Firm G+D
03/06/2021
Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.
Cryptocurrency
Korea Designates FSS as Agency to Regulate Virtual Assets
03/06/2021
The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.
DeFi & Web3
DeFi May Be Subject to Licensing Requirement, Warns Thai SEC
03/06/2021
The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.
Tokenisation
Bursa Malaysia Concludes Blockchain Bond POC with STACS
03/06/2021
The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.
Credit Risk
CBIRC Warns Small Banks to Rein In Property Lending
02/06/2021
The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.
Conduct, Culture & Accountability
CBIRC Issues Final Rules on Evaluating Bank Director Performance
02/06/2021
The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.
Cryptocurrency
2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
01/06/2021
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
Tokenisation
DBS Issues First STO on New Digital Exchange
01/06/2021
The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.
Credit Risk
Cambodia: NBC Extends Debt Relief Measures to Year-End
01/06/2021
The NBC has committed to maintaining the RRR at 7 percent “until further notice” and removed a three-time limit on debt restructuring.
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