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
Fintech / Regtech
HKMA Issues Guidance for Banks on Using Generative AI
20/08/2024
The HKMA encourages banks to proactively explore the use of GenAI to enhance consumer protection and better tailor products to individual customers.
Market Infrastructure
ASIC Extends Reference Checking Protocol to Mortgage Aggregators
19/08/2024
The updated protocol enables financial advisers and mortgage brokers to request references about prospective representatives from mortgage broking intermediaries.
ESG / Sustainability
BSP Calls on Lenders to Do More to Support Climate Action
19/08/2024
The BSP said green finance “has yet to fully take off” and that lenders need to do more to support climate action efforts of enterprises and households.
Fintech / Regtech
Hong Kong SFC Proposes to Abolish Mixed Media Offers
19/08/2024
The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.
Fintech / Regtech
HKEX Consults on Expanding Paperless Listing Regime
19/08/2024
The proposed reforms will provide securities holders with electronic options to give instructions to issuers, receive payments such as dividends, and pay subscription monies for offers.
Fintech / Regtech
APRA Issues Guidance to Address Cyber Control Weaknesses
16/08/2024
APRA has identified issues relating to security in configuration management, privileged access management, and security testing.
Enforcement
APRA Orders Independent Review of Cbus, BUSSQ Governance
14/08/2024
APRA imposed additional licence conditions to address concerns regarding fitness and propriety processes and fund expenditure management.
Capital / Liquidity
HKMA Issues Supplementary Guidance on Market Risk, CVA Risk
14/08/2024
The guidance clarifies that funding swaps should typically be assigned to the trading book unless designated as hedging instruments under hedge accounting.
Fintech / Regtech
HKMA Launches New GenAI Sandbox at Hong Kong Cyberport
14/08/2024
HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.
Enforcement
ASIC Commences Legal Action Against ASX Over Misleading Statements
14/08/2024
ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.
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