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 Sets Out Enforcement Priorities for 2025
20/11/2024
ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.
Fintech / Regtech
Australia Sets Out Roadmap for Ending Cheque Use
19/11/2024
Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.
Enforcement
ASX Files Defence in ASIC’s Misleading Statements Case
19/11/2024
CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.
Market Infrastructure
HKEX, HSIL Launch New Index Focused on Stock Connect
19/11/2024
The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.
Fintech / Regtech
HKMA Asks Merchant Acquiring Banks to Promote Mobile POS
19/11/2024
Banks are asked to promote adoption of mobile POS terminals by merchants to help expand coverage “as far as practicable”.
Enforcement
ASIC Sues NAB for Slow Response to Financial Hardship Claims
19/11/2024
ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.
Crypto / Digital Assets
HKEX Goes Live With New Virtual Asset Index Series
18/11/2024
The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.
Market Infrastructure
Philippines Launches Peso Interest Rate Swaps Market
18/11/2024
The PESO IRS market will help deepen the capital market, boost trading and liquidity, and promote the development of yield curves.
Capital / Liquidity
HKMA Codifies Regulatory Expectations on Money Brokers
18/11/2024
New SPM module codifies existing requirements and standards for approved money brokers and elaborates on HKMA’s supervisory process.
Crypto / Digital Assets
HKMA Warns Crypto Firms Against Misusing “Bank” Label
18/11/2024
The HKMA says misuse of the label “bank” by unlicensed crypto firms may constitute a contravention of the Banking Ordinance.
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