
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at nithya@regulationasia.com

Payments & Settlements
RBI Overhauls Rules for Non-Bank Outward Remittances
15/05/2026
India’s central bank has removed a prior approval rule, placing full compliance responsibility for non-bank remittance partnerships on banks.

Structural Regulation
BSEC Issues New Rules for Conversion of Close-end Mutual Funds
15/05/2026
The rules will force a unitholder vote on the future of underperforming closed-end funds, requiring them to either convert to open-end schemes or face liquidation.

Market Risk
Indian Banks Urge RBI to Rethink Uniform Forex Exposure Cap
15/05/2026
Large banks are lobbying the regulator for a dynamic approach, arguing the blanket USD 100 million limit has led to significant mark-to-market losses.

Structural Regulation
SEBI Proposes Overhaul of Municipal Bond Framework
15/05/2026
The regulator seeks to boost urban infrastructure financing with proposals for pooled issuance, refinancing, ESG bonds, and greater retail participation.

Resolution & Recovery
Bangladesh: Banks Call for Reforms to Ease NPL, Liquidity Crisis
15/05/2026
The industry body warned the central bank that a new resolution act could allow controversial figures to reclaim troubled lenders, undermining public confidence.

Liquidity Risk
SEBI Proposes Broader Use of Intraday Borrowing for Mutual Funds
14/05/2026
SEBI is seeking to allow funds to use intraday credit for more than just redemptions, treating it as a key cash management tool.

Anti-Money Laundering
1MBD Fugitive Jho Low Seeking Seeking US Presidential Pardon
14/05/2026
The alleged mastermind of the 1MDB scandal has requested clemency from President Trump, but the head of Malaysia's task force insists he must face trial at home.

Structural Regulation
Bangladesh to Overhaul Tax Certificate Rule for Foreign Investors
14/05/2026
The central bank will scrap a rule requiring tax certificates after each share sale, a move aimed at boosting dwindling foreign investment.

Trading & Investment
SEBI Proposes Doubling Agri-Commodity Position Limits
14/05/2026
The regulator is also looking to ease commodity classification criteria and cap penalties for breaches in a bid to boost market liquidity and participation.

Supervision & Enforcement
Indonesia Gives Citizens Six Months to Repatriate Offshore Assets
14/05/2026
The finance minister has issued a firm deadline for repatriating overseas wealth, warning of legal action as he simultaneously shuts the door on future tax amnesties.
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