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
Enforcement
ASIC Files Lawsuit Against Oak Capital Over Lending Model
01/11/2024
ASIC alleges Oak Capital designed its lending model to avoid the application of the National Credit Code and Consumer Credit Act.
Market Infrastructure
MPFA Will Work to Achieve “Full Portability” of MPF Benefits
31/10/2024
MPFA’s Ayesha Lau says “full portability” will give employees greater autonomy in MPF management and invigorate competition in the MPF market.
APRA Publishes Super Fund Expenditure Data for the First Time
31/10/2024
The data shows significant spending on marketing and sponsorships, including hundreds of millions that went to the AFL and sports clubs.
Market Infrastructure
HKEX to Open Office in Saudi Arabia Next Year
31/10/2024
The SFC separately published guidance explaining how Hong Kong asset managers can offer their funds in the Saudi Arabian market.
Securities / Derivatives
Saudi Arabia Lists First Hong Kong Focused ETFs
31/10/2024
The new ETF initially raised more than $1.2bn and became the largest ETF in the Middle East upon listing on the Saudi Exchange.
Crypto / Digital Assets
Hong Kong’s ZA Bank Starts Trials for New Crypto Trading Service
30/10/2024
ZA Bank CEO Ronald Iu said the trial demonstrates the digital bank’s commitment to supporting the wider development of virtual assets in Hong Kong.
Crypto / Digital Assets
BSP Grants Virtual Assets Authorisation to GoTyme Bank
30/10/2024
GoTyme is only the second bank to be given authorisation to explore the potential introduction of digital asset services for customers.
Fintech / Regtech
ASIC Says Governance Arrangements are Lagging AI Adoption
30/10/2024
ASIC Chair Joe Longo said must consider their existing obligations and duties and avoid simply waiting for AI laws and regulations to be introduced.
Crypto / Digital Assets
BOCHK Becomes First Bank to Use mBridge to Automate Remittances
30/10/2024
BOCHK says it has completed the first fully automated cross-border remittance via mBridge and will continue to do so for selected corporate customers.
Fintech / Regtech
HKMA Launches New Platform to Boost Fintech Collaboration
30/10/2024
The “Fintech Connect” platform will help banks discover innovative solutions developed and offered by fintech solution providers.
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