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.
Enforcement
ASIC Sues HSBC for Failing to Protect Customers from Scams
16/12/2024
ASIC says HSBC contravened the Corporations Act and Credit Act and caused customers to lose A$23mn from unauthorised payments.
Market Infrastructure
HKEX Introduces Fund Repository on Integrated Fund Platform
13/12/2024
HKEX said the Fund Repository will provide investors access to information on over 2,000 SFC-authorised funds.
Capital / Liquidity
RBNZ Amends Interim Solvency Standard for Insurers
13/12/2024
The RBNZ says the amendments will ensure sufficient capital is set aside against pricing risks as well as credit risk on bonds.
AML / KYC
AUSTRAC Offers Guidance on Filing Suspicious Matter Reports
13/12/2024
The guidance comes in the form of an e-learning module, to help regulated entities submit good-quality SMRs and avoid common mistakes.
Market Infrastructure
HKEX to Enhance Post-Trade Services for Cash Equities in 2025
13/12/2024
New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.
Enforcement
Australia Court Orders Kraken to Pay A$8m for DDO Breaches
13/12/2024
ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.
RBNZ Calls on Banks to Enhance Financial Inclusion Initiatives
11/12/2024
The RBNZ identified good practices for deposit takers to consider embedding in their current practices to support financial inclusion.
Capital / Liquidity
RBNZ Publishes Results of ‘Digital Cash’ Consultation
11/12/2024
If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.
ESG / Sustainability
Hong Kong Launches Sustainability Disclosure Roadmap
11/12/2024
Large publicly accountable entities including financial institutions will be required to fully adopt the ISSB standards by 2028.
Market Infrastructure
OECD Offers Recommendations on Boosting Philippine Capital Market
11/12/2024
The recommendations include measures to improve corporate governance, ease listing requirements and deepen the investor base.
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