
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

Market Infrastructure
Penang Sets Up Task Force to Develop International Financial Centre
20/03/2026
The Malaysian state seeks to position itself as a tech and finance hub. A white paper outlining regulatory and ecosystem proposals will be published later this year.

ESG / Sustainability
RBI Backs HDFC Bank Governance Despite Chairman’s Abrupt Exit
20/03/2026
The RBI said it sees no material concerns and approved an interim leadership plan after the part-time chairman resigned citing issues with “values and ethics”.

Securities / Derivatives
India’s IFSCA Flags Compliance Gaps Among Intermediaries in GIFT City
20/03/2026
The regulator has "initiated appropriate regulatory action" in response to lapses in staffing, infrastructure and controls at capital market intermediaries in GIFT City.

Securities / Derivatives
MAS Proposes Phasing Out Physical Share Certificates for Listed firms
20/03/2026
The regulator has launched a consultation on an enabling regime for share dematerialisation to boost efficiency and support a tokenised economy.

Securities / Derivatives
MAS Proposes Expanded Regulatory Regime for CSDs
20/03/2026
The regulator has proposed extending oversight to all CSDs, with new approval, governance and risk requirements under updated securities framework.

Capital / Liquidity
Bank Indonesia Rolls Out New FX Rules to Stabilise Rupiah
20/03/2026
The central bank has specified the cash FX purchase limit and lowered documentation thresholds to manage outflows amid global uncertainty.

AML / KYC
Vietnam’s SCB Outlines Asset Disposal Plan to Recover Fraud Losses
20/03/2026
Saigon Commercial Bank is seeking third-party firms to manage the sale of assets linked to a $12.3 billion fraud involving property developer Sun Group.
AML / KYC
Papua New Guinea Banks Launch New Association to Strengthen Financial Sector
20/03/2026
The newly-formed PNG Banking Association aims to strengthen cooperation across the sector, support regulatory reforms and address FATF requirements.

Fintech / Regtech
India Steps Up Measures to Combat Fraudulent Loan Apps
20/03/2026
Regulators have launched an official app directory, enhanced enforcement measures, and clarified rules to protect consumers from unauthorised mobile lending platforms.

Securities / Derivatives
Bursa Malaysia Reprimands, Fines KAF Investment Bank Over Listing Breaches
19/03/2026
Bursa Malaysia flags failures in handling material compliance issues and ensuring accurate listing disclosures.
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