
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.
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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