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

    Structural Regulation

    Taiwan Banks Urged To Offer Bilingual Financial Services

    14/09/2020

    The FSC is encouraging all banks to set up bilingual branches and enhance the English proficiency of their staff members as part of its efforts to become a regional financial hub in Asia.

    Market Abuse

    HK Police Arrest 15 on Stock Manipulation Suspicions

    10/09/2020

    Police believe the 15 individuals manipulated the stock price of Next Digital after its owner Jimmy Lai was arrested last month.

    Structural Regulation

    ASIC Defers New Fee Disclosure Obligations Two Years to 2022

    10/09/2020

    Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.

    Market Abuse

    Bursa Malaysia Suspends Prop Trader For Order Book Manipulation

    10/09/2020

    The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.

    Credit Risk

    SEBI Revises Mutual Fund Side Pocketing Standards

    08/09/2020

    Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.

    Market Data & Technology

    Tokyo Bourse, IHS Markit to Combine Securities Finance Data

    08/09/2020

    The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.

    Trading & Investment

    TOCOM Seeks Market Makers for Electricity Futures Contracts

    07/09/2020

    The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

    Structural Regulation

    CBIRC Approves First Foreign Owned Money Broker in China

    07/09/2020

    Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.

    Cybersecurity

    SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

    07/09/2020

    The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

    Structural Regulation

    BSP, OJK Sign MoU on Financial System Development

    07/09/2020

    As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.

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