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 DOJ, Jho Low Reach Global Pact on 1MDB Asset Forfeiture: Report
01/07/2024
The agreement forever resolves the United States’ civil, criminal and administrative asset forfeiture actions of monies and assets traceable to 1MDB.
Securities / Derivatives
ISDA Launches Framework On Termination of Derivatives Contracts
28/06/2024
The ISDA Close-out Framework serves as a preparatory resource, enabling firms to coordinate internal business functions, stakeholders and other service providers.
Sanctions
Thai Banks Facilitating Procurement for Myanmar Military: UN Report
28/06/2024
A UN report identifies 16 banks in seven countries that have processed transactions linked to procurement for Myanmar’s military junta.
Crypto / Digital Assets
MAS Expands Project Guardian Initiatives to Scale Asset Tokenisation
28/06/2024
The financial regulator has also released a whitepaper on the design principles, objectives, considerations and potential uses of Global Layer One Initiative.
AML / KYC
US DOJ to Recover Additional $100mn in 1MDB Case
27/06/2024
Jho Low will forfeit a luxury apartment in Paris and artworks by Andy Warhol and Claude Monet purchased for USD 35 million.
AML / KYC
Singapore’s National Asset Recovery Strategy To Enhance AML Regime
27/06/2024
The newly published asset recovery strategy takes a multi-faceted approach and is based on four pillars – detect, deprive, deliver and deter.
Big Picture
BIS Urges Central Banks to Keep Pace with AI
27/06/2024
In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.
ESG / Sustainability
Bursa Carbon Exchange Completes First Renewable Energy Certificates Auction
26/06/2024
In this inaugural auction, 15 buyers purchased RECs developed by Sarawak Energy. In July, Malaysia’s first nature-based carbon credits will be on offer.
Enforcement
$137m Embezzled from Korean FIs from 2018-2023: FSS
26/06/2024
Less than 10% of the embezzled funds have been recovered to date. Meanwhile, the FSS has expanded its inspection team handling Woori’s latest embezzlement case.
Securities / Derivatives
UBS Partially Offloads Stake in Credit Suisse China Venture
25/06/2024
UBS had to reduce its stake because foreign shareholders are not allowed to simultaneously hold majority stakes in more than one domestic brokerage.
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