Nithya Subramanian
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
Articles by Nithya Subramanian
Enforcement
US Court Indicts Two Sudanese Nationals Linked to DDoS Attacks
23/10/2024
The two men operated and controlled Anonymous Sudan, a cybercrime group responsible for several DDoS attacks in the US and elsewhere.
Fintech / Regtech
CBM Inspects MyanmarPay Pilot Ahead of December Launch
23/10/2024
The national project aims to integrate QR payments across banks and financial service providers, with phased testing currently underway.
AML / KYC
Singapore Raises Concerns Over Surge in Scams on Telegram
23/10/2024
During the first half of 2024, the number of scam cases reported on Telegram spiked by 137%, said Singapore minister Sun Xueling.
Enforcement
RBI Halts Loan Activities of Four NBFCs Over Compliance Issues
23/10/2024
The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.
AML / KYC
MAS, ABS Issue Guidance on Conducting AML/CFT Audits
22/10/2024
MAS issued a circular offering guidance for AML/CFT audits at FIs, while the ABS released a best practice paper to enhance audit standards.
Enforcement
US SEC Fines WisdomTree for ESG Compliance Failures
22/10/2024
The investment adviser agreed to pay a $4mn fine for failing to exclude fossil fuel and tobacco investments from its ESG-marketed funds.
Capital / Liquidity
Vietnam Regulator Orders Mandatory Takeover of Two Troubled Banks
22/10/2024
The SBV ordered the transfer of Vietnam Construction Bank to Vietcombank and OceanBank to Military Commercial Bank to address bad debts.
Malaysia Unveils New Measures to Boost Markets and MSMEs
22/10/2024
The budget approved Forest City as a duty-free island, a new 2% tax on dividend income, and funding to boost MSMEs and drive innovation in Islamic finance.
Enforcement
SGX RegCo Reprimands Former Directors and CEO of Sunrise Shares
22/10/2024
Five individuals were reprimanded for failing to implement effective internal controls and for reporting inaccurate financial results.
Crypto / Digital Assets
DBS Bank Launches Token Services for Institutional Clients
21/10/2024
The new services offer real-time payment settlement through a permissioned blockchain, which is expected to enable clients to optimise liquidity and streamline operations.
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