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
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.
AML / KYC
Australia Consults on Enhanced Beneficial Ownership Reforms
15/11/2024
The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.
Securities / Derivatives
HKEX Successfully Completes First Severe Weather Trading Day
15/11/2024
HKEX confirmed that all trading, settlement and clearing operations in its securities and derivatives markets functioned normally.
Enforcement
SFC Commences Additional MMT Proceedings in Ding Yi Feng Case
15/11/2024
Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.
ESG / Sustainability
APRA Releases Results of Latest Climate Risk Self-Assessments
14/11/2024
Climate risk maturity has improved at larger entities. APRA plans to amend its prudential standards on risk management to include climate risk.
ESG / Sustainability
BSP Issues Adoption Guidance for Sustainable Finance Taxonomy
14/11/2024
The guidelines help banks assess whether economic activities contribute to SFTG environmental objectives and meet the DNSH and other criteria.
Enforcement
New Zealand Court Fines Lender for Credit Law Breaches
14/11/2024
Some of Eagle MAN’s loans charged an interest rate of 182.5 percent per annum, on top of credit and default fees.
Enforcement
ASIC Sues Cbus Trustee Over Systemic Claims Handling Failures
14/11/2024
ASIC said more than 10,000 members and claimants of Cbus were impacted by slow processing of death benefits and TPD insurance claims.
Enforcement
Korea FSS Fines Shinhan Bank over Prohibited Business Conduct
13/11/2024
The FSS fined Shinhan Bank KRW 280 million and directed the bank to improve its internal controls for handling vulnerable customers.
Fintech / Regtech
Australia Enhances CDR Regime to Boost Ease of Use
13/11/2024
The changes simplify the consent process and the requirements that apply when accredited banks seek data from a consumer.
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