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
MAS Reprimands RVP One & CEO for Regulatory Breaches
31/07/2024
The RFMC failed to submit information about its financial returns and notify MAS of changes to its shareholding structure, MAS said.
AML / KYC
US Treasury Launches Amazon Initiative to Combat Nature Crimes
30/07/2024
The initiative will enable authorities in Amazon Basin countries to pursue money laundering investigations against illicit actors involved in nature crimes.
Enforcement
Hong Kong’s IA Appoints Managers to Take Control of Tahoe Life
29/07/2024
This is the first time the IA has taken control of a distressed insurer, which failed to resolve “issues arising from investments linked with related party transactions”.
Hong Kong Reappoints HKMA Chief for Second Term
29/07/2024
During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.
AML / KYC
Singapore Deports Last Convict in Billion Dollar ML Case
29/07/2024
All ten individuals who were convicted and sentenced in the case have now been deported: eight to Cambodia, one to Japan, and one to the UK.
AML / KYC
MAS Issues New ‘Source of Wealth’ Guidance for FIs
29/07/2024
MAS sets out key risk principles that FIs should follow when designing policies to establish SOW of customers.
Crypto / Digital Assets
Philippines: BSP to Conclude CBDC PoC by Year-end
26/07/2024
Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.
Securities / Derivatives
ASIC Files Lawsuit Against COFCO for Wheat Futures Manipulation
26/07/2024
ASIC alleged that COFCO manipulated contracts by placing orders shortly before the market close, creating an artificial daily settlement price.
Securities / Derivatives
MAS Proposes Simplified Leverage Requirements for REITs
25/07/2024
MAS has proposed a minimum ICR threshold of 1.5 times, applicable to all REITs, and an aggregate leverage limit of 50 percent.
Enforcement
MAS Cancels Insurance Broker’s Registration for Regulatory Breaches
25/07/2024
Acesynergy Brokers failed to comply with applicable regulatory requirements, registration conditions, and written directions from MAS.
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