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
Payments & Settlements
BOK, FSC Clash Over Supervisory Authority in Fintech, Payments
21/11/2020
The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.
Payments & Settlements
Vietnam Working to Allow Cooperation With Foreign Firms in Payments
21/11/2020
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
Payments & Settlements
BSP Seeks Interoperability, Unified Standard in Payments
21/11/2020
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
Structural Regulation
FSC Korea Threatens to Withdraw Incentives for Internet-only Banks
20/11/2020
The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.
Reporting & Disclosures
Thailand Proposes Compulsory ESG Training for Capital Market Personnel
19/11/2020
Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
Fraud, Scams & Cybercrime
Australian Police Charge Ex-Promoter of Failed Crypto Platform
19/11/2020
The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.
Fraud, Scams & Cybercrime
Taishin Bank Employee Arrested in Taiwan for Embezzlement
19/11/2020
The employee allegedly misappropriated over $10.5mn. The FSC described the case as “the biggest embezzlement case in Taiwan’s banking history”.
Conduct, Culture & Accountability
ASIC Drafts Reference Checking Protocol for Advisers, Mortgage Brokers
19/11/2020
The Royal Commission recommended that reference checks be required for individuals seeking to be employed or authorised as a financial adviser or mortgage broker.
Conduct, Culture & Accountability
ASIC Consults on Barriers to Good Quality Affordable Personal Advice
18/11/2020
ASIC is looking to better understand the barriers to providing good quality and affordable advice and help the industry provide such advice more broadly.
Conduct, Culture & Accountability
FMA Proposes New Guidance on Financial Product Advertising
18/11/2020
The guidance sets out the FMA’s expectations of what good conduct in the advertising of offers of financial products looks like.
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