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
Crypto / Digital Assets
Former FTX CTO Gary Wang Sentenced, Avoids Prison Term
21/11/2024
Wang’s assistance had helped convict Sam Bankman-Fried. He even built a software programme to help the DOJ detect fraud in financial markets.
Enforcement
US Court Sentences Archegos Founder to 18 Years in Jail
21/11/2024
Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.
Fintech / Regtech
EU and Singapore Strengthen Cooperation on AI Safety
21/11/2024
The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.
Enforcement
US Authorities Charge Billionaire Gautam Adani for Bribery, Fraud
21/11/2024
The SEC also filed a complaint saying Adani induced US investors to buy $175mn in bonds by misrepresenting an aversion to paying bribes.
Crypto / Digital Assets
US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’
21/11/2024
Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.
Enforcement
Korea FSS to End Short-Selling Investigation by Year-End
20/11/2024
FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.
Capital / Liquidity
MAS Issues Response on Enhancing Deposit Insurance Scheme
20/11/2024
MAS released a second set of responses to proposals aimed at improving the operational efficiency of the deposit insurance scheme.
AML / KYC
Singapore: $1.4b from Overseas Suspects Surrendered to State
20/11/2024
Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.
ESG / Sustainability
UK Publishes Draft Legislation to Regulate ESG Ratings Providers
19/11/2024
The regime will apply to UK-produced ESG ratings and overseas ratings made available to UK users through business relationships.
Enforcement
Singapore Court Sentences Hin Leong Founder to 17.5 Years Jail
19/11/2024
OK Lim was sentenced for defrauding HSBC and instigating forgery. The court said his actions severely damaged Singapore’s reputation.
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