Sanday Chongo Kabange

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    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

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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