
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

Crypto / Digital Assets
BNM to Complete Domestic Wholesale CBDC Trial by Year-End
28/10/2025
The initiative, alongside cross-border projects such as Project Dunbar and Project Mandala, aims to strengthen payment systems while deepening DLT and tokenisation.
Enforcement
South Korea, Cambodia Form Task Force to Combat Online Scams
28/10/2025
The joint task force will focus on protecting Korean nationals from online scams run by organised syndicates in Cambodia.

Capital / Liquidity
India Weighs Raising Foreign Investment Cap in State-run Banks
28/10/2025
Raising the foreign investment cap in public-sector banks to 49% aims to attract overseas capital and narrow the gap with private lenders.

Securities / Derivatives
SEBI Eases Rules for Transfer of Portfolio Management Businesses
28/10/2025
SEBI has introduced a new framework allowing portfolio managers to transfer their PMS business, streamlining compliance and improving operational flexibility.

Capital / Liquidity
RBI to Lower Risk Weights for NBFC Loans to Infrastructure Projects
27/10/2025
The draft rules propose reduced risk weights on loans to certain high-quality infrastructure projects that meet specific performance and repayment criteria.

Capital / Liquidity
RBI to Allow Banks to Fund M&As; Overhauls CME Rules
27/10/2025
Draft regulations allow banks to finance M&As while introducing uniform capital market exposure frameworks for both commercial and small finance banks, with prudential ceilings and loan-to-value limits.

Enforcement
Singapore Jails Ex-Julius Baer Banker in $3b Money Laundering Case
27/10/2025
Liu Ka has become the second relationship manager to be jailed over Singapore’s largest money-laundering case.

AML / KYC
SEBI to Relax Geo-Tagging Rules for Re-KYC of NRI Clients
27/10/2025
India's securities regulator proposes removing the requirement for NRIs to be physically present in India during re-KYC verification.

ESG / Sustainability
India’s IFSCA Unveils Stewardship Code Framework for Fund Managers
27/10/2025
The code sets principles on policy, monitoring, conflicts, collaboration, and disclosure to promote responsible investment and stronger governance.

Securities / Derivatives
SEBI Bars Mutual Funds from Investing in Pre-IPO Placements
27/10/2025
The directive limits mutual funds to investing only during the public issue phase or as anchor investors, barring them from participating in pre-IPO placement deals.
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