
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

Securities / Derivatives
SGX RegCo Proposes Rule Change to Empower Shareholders
23/04/2024
Part of a “value focus” approach, the rule change will require issuers to facilitate shareholder requisitioned general meetings.

Enforcement
MAS Issues 12yr Ban Against Former Manulife Agent
23/04/2024
The former agent was convicted last August for deceiving 25 victims to transfer more than S$1.2mn for fictitious investments.

Enforcement
Germany’s APAS Finds EY Violated Professional Duties in Wirecard Audits
23/04/2024
APAS said EY had insufficient audit reporting, poor internal quality controls, and poor handling of red flags that pointed to irregularities.

Crypto / Digital Assets
US Jury Convicts Mango Markets Trader for Crypto Manipulation
23/04/2024
Avraham Eisenberg was found guilty in the first US prosecution involving the manipulation of cryptocurrency through open-market trades.

AML / KYC
Singapore Officials Assure Foreign Banks of Stability – Report
22/04/2024
Senior government officials have held briefings with international banks to emphasise Singapore’s safety, reliability and trustworthiness.

ESG / Sustainability
Plugging Risk Gaps Key to Scaling Blended Finance: MAS
22/04/2024
Blended finance volumes have been flat over the past five years. Hence structuring and right-sizing risks are essential to scaling up, said Gillian Tan.

Crypto / Digital Assets
SDAX Launches Securitised Gold Tokens in Singapore
19/04/2024
The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.

Enforcement
MAS Bans Former Prudential Representative for 8 Years
19/04/2024
The former insurance agent used client funds for personal expenses rather than to pay the client’s premiums.

ESG / Sustainability
Singapore to Raise $5b for Blended Finance Initiative: MAS
19/04/2024
MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.

ESG / Sustainability
MAS Unveils 3yr Plan to Upskill Sustainable Finance Workforce
18/04/2024
MAS is setting aside S$35mn to support upskilling and reskilling and develop specialists in sustainable finance over the next three years.
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