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
Capital / Liquidity
Vietnam Regulator Orders Mandatory Takeover of Two Troubled Banks
22/10/2024
The SBV ordered the transfer of Vietnam Construction Bank to Vietcombank and OceanBank to Military Commercial Bank to address bad debts.
Malaysia Unveils New Measures to Boost Markets and MSMEs
22/10/2024
The budget approved Forest City as a duty-free island, a new 2% tax on dividend income, and funding to boost MSMEs and drive innovation in Islamic finance.
Enforcement
SGX RegCo Reprimands Former Directors and CEO of Sunrise Shares
22/10/2024
Five individuals were reprimanded for failing to implement effective internal controls and for reporting inaccurate financial results.
Crypto / Digital Assets
DBS Bank Launches Token Services for Institutional Clients
21/10/2024
The new services offer real-time payment settlement through a permissioned blockchain, which is expected to enable clients to optimise liquidity and streamline operations.
Crypto / Digital Assets
Euroclear Acquires Strategic Stake in Singapore’s Marketnode
19/10/2024
Euroclear said it aims to participate in establishing a key APAC market infrastructure designed to simplify the management of funds flows and reduce settlement times.
Capital / Liquidity
Kotak Mahindra to Acquire StanChart’s Retail Loan Book
18/10/2024
The acquisition is expected to be completed in 3 months, allowing StanChart to focus on the wealth and SME segments as well as investment banking.
Fintech / Regtech
NYDFS Issues Guidance on Combatting AI-Related Cyber Risks
18/10/2024
The guidance highlights four key threats arising out of AI and offers recommendations on security controls and mitigation measures.
Fintech / Regtech
Singapore CSA Launches Guidelines for Deploying AI Systems
18/10/2024
New Guidelines and Companion Guide aim to help firms securely adopt AI tech and guide decision-makers on security controls and best practices.
Securities / Derivatives
Malaysia to Provide Financing Boost for Mid-Tier Companies
18/10/2024
The partnership aims to enhance capital market access for MTCs. An MYR 500 million fund will be directed to high-potential MTCs.
Singapore Amends Insurance Act Blocking Allianz-Income Deal
18/10/2024
The changes mean an extra layer of approval will be required for transactions involving insurers that are co-operatives or have co-operative links.
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