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
Equifax Fined $15m Over Mishandled Consumer Disputes
18/01/2025
The CFPB said Equifax repeatedly failed to address consumer complaints about inaccuracies on their credit reports.
Crypto / Digital Assets
MAS Unveils Scheme to Drive Digital Bond Issuance in Singapore
18/01/2025
The three schemes enhance tokenisation, promote green financing, and support companies raising capital in Singapore’s bond market.
RBI Eases FEMA Rules to Boost Rupee Use in Cross-border Transactions
18/01/2025
The RBI has also signed MoUs with the central banks of UAE, Indonesia and Maldives to encourage the use of local currencies in trade and investment.
Enforcement
US SEC Fines Wells Fargo, Merrill Lynch Over Cash Sweep Programmes
17/01/2025
The Wells Fargo and Merrill Lynch units will pay $60mn for prioritising their own financial benefits over clients’ best interests.
AML / KYC
Belgian Regulator Probes ING Over for Alleged AML Violations
17/01/2025
ING Bank allegedly delayed reporting suspicious financial activities linked to former European Commissioner Didier Reynders.
ESG / Sustainability
SET Launches New System for Managing Emissions Data
17/01/2025
SET Carbon will enable listed companies and their supply chain partners to efficiently calculate and report GHG emissions
Crypto / Digital Assets
Malaysia to Develop New Policy for Cryptocurrency and Blockchain
17/01/2025
Prime Minister Anwar Ibrahim announced plans to formulate a digital finance policy, which will be placed before the Cabinet for further deliberation.
UK Activist Investor Calls OCBC-Great Eastern Deal “Gravely Unfair”
17/01/2025
Palliser Capital reportedly wrote to MAS and SGX asking them to intervene in the takeover of Great Eastern by OCBC.
Enforcement
US SEC Fines BMO Capital Markets Over Bond Desk Supervision Failure
17/01/2025
The SEC said BMO Capital Markets failed to supervise employees who sold mortgage-backed bonds using misleading marketing practices.
AML / KYC
CFPB Fines Block Inc Over Cash App Security Lapses
17/01/2025
The CFPB has fined Block for allowing fraud to proliferate and closing cases of reported fraud without even opening a legally required investigation.
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