
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

Structural Regulation
India Proposes to Establish Domestic Multidisciplinary Professional Firms
19/09/2025
An inter-ministerial group has also been formed to foster domestic consulting and auditing companies, while reducing reliance on global Big Four majors.

Tokenisation
DBS, Franklin Templeton and Ripple Partner for Tokenised Trading
19/09/2025
The partnership offers institutional investors tokenised trading and lending solutions, using sgBENJI tokens and Ripple’s RLUSD stablecoin.

Structural Regulation
RBI Sets Up Committee for Periodic Review of Rules
19/09/2025
The RBI has created a new review cell and expert advisory group to keep its regulations updated and aligned with industry needs.

Cybersecurity
MAS Warns of Growing Deepfake Cyber Threats to Financial Sector
19/09/2025
New paper outlines the growing cyber threats posed by deepfakes to the financial sector, urging FIs to strengthen their defences against fraud and misinformation.

Trading & Investment
SEBI Weighs Allowing FPI Access to Broader Commodities Market
19/09/2025
SEBI is exploring broader institutional access to India’s commodities market in a bid to boost liquidity, enhance hedging options, and strengthen the country’s role in global pricing.

Credit Risk
Bangladesh Bank Approves Merger of 5 Entities into New State-owned Lender
19/09/2025
BB said that existing boards of 5 Islamic banks will be dissolved, administrative teams will be appointed and depositors will be protected.

Capital Adequacy
Indonesia’s OJK Issues New Bank Transparency Rules
18/09/2025
The new regulation, effective February 2026, mandates banks to publish financial statements, risk exposure reports, and other material information in line with international best practices.

Payments & Settlements
NPCI Proposes to Allow UPI Cash Withdrawals via Business Correspondents
18/09/2025
The NPCI is seeking RBI approval to allow customers to withdraw up to INR 10,000 per transaction, widening access to cash services.

KYC & CDD
Japan 's Nippon Life Uncovers Data Misuse as Regulator Intensifies Scrutiny of Insurers
18/09/2025
An internal review found staff seconded to banks accessed confidential sales information without authorisation, prompting the insurer to take disciplinary action.

Cybersecurity
India Mandates Cybersecurity Audits for All Crypto Exchanges
18/09/2025
Cybersecurity audits will be mandatory for exchanges seeking registration with the FIU. CERT-In has been designated as the overseeing agency.
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