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
Fraud, Scams & Cybercrime
US SEC Files First Charges Involving Romance Scams
20/09/2024
In the first charges of this type, the SEC alleges that fraudsters used social to lure investors to fake crypto platforms before stealing their money.
Anti-Money Laundering
FINMA Confiscates $15m from Private Bank Mirabaud for AML Failures
19/09/2024
FINMA barred the bank from accepting high-risk clients and ordered it to overhaul its risk management, internal controls, and corporate governance.
Supervision & Enforcement
US SEC Fines Former FTX Auditor for Negligence-related Fraud
19/09/2024
Prager Metis issued two audit reports for FTX between 2021 and 2022, but failed to comply with auditing standards and apply “due care” in those audits.
Fraud, Scams & Cybercrime
Singapore Banks to Roll Out Singpass Face Verification for Scam Protection
19/09/2024
MAS said that the feature will be rolled out over the next three months to strengthen digital token security and safeguard customers from scams.
Market Abuse
US DOJ Probing Whether Banks Colluded During Archegos Wind-down
19/09/2024
The Justice Department is reportedly investigating whether some Wall Street banks coordinated stock sales during the Archegos collapse.
Structural Regulation
SGX RegCo Reviews Corporate Query Regime to Reduce Frictions
19/09/2024
SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.
Reporting & Disclosures
US SEC Has Disbanded Enforcement Division’s ESG Task Force
18/09/2024
The SEC shut down the task force following increasing anti-ESG backlash from companies, investors, state officials and courts.
Sustainable Finance
Bursa Carbon Exchange Starts Continuous Trading of RECs
18/09/2024
Bursa Malaysia CEO says continuous trading of RECs makes renewable energy projects more financially viable and attractive to investors.
Fraud, Scams & Cybercrime
Korea FSS Prepares to Penalise Six Securities Firms – Reports
18/09/2024
The securities firms allegedly used funds from new customers or their own capital to cover investment losses by institutional and corporate investors.
Structural Regulation
Eurex Allows US Introducing Brokers to Become Direct Members
18/09/2024
The change will enable US market participants to execute trades on Eurex markets via domestic introducing brokers throughout the US trading day.
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