Securities and Exchange Board of India (SEBI) Chairman Tuhink Kanta Pandey stated that the years to come will require vision as well as regulation amid global headwinds brought about by ongoing wars, tariff policies and AI disruptions, in his address at SEBI's Foundation Day event.
"The coming years will demand not just regulation, but vision. Not just oversight, but insight. And not just individual effort, but collective commitment," he said at the event which celebrated 38 years of the organisation's regulation, reform and policy-framing since its birth.
Pandey said that the regulator's main agendas moving forward will be fast-tracking regulatory simplification, nurturing innovation to develop markets, investing in supervision fuelled by tech and consolidating governance and risk management.
SEBI is shifting to an e-office environment and increasing its capacity in data analytics, technology and interdisciplinary thinking. Internal governance has also strengthened after High-Level Committee recommendations due to conflict of interest and disclosures.
Technology is also gaining precedence with advanced analytics, digital forensics and AI-enabled platforms augmenting oversight and effectiveness, The regulator also launched platforms such as SUPCOMS along with an e-adjudication portal to bolster stakeholder engagement.
Pandey stated that the regulator has constructed its credibility on the back of reforms, collaboration and trust from investors. He further said that the markets have shown notable resilience despite exhibiting economic uncertainty on the global scale.
"That resilience reflects years of institution-building, sound regulation, and the strength of the frameworks we have put in place," he said.
He remarked that capital accumulation and market momentum continued to prevail and take place even during tumultuous times.
The SEBI chairman brought attention to the transformation of the organisation from one that had relatively limited transparency and floor trading to tech-powered, digital trading that took place in real time, was globally connected and saw extensive participation.
He said that this change was brought about by foundational reforms such as screen-based trading, dematerialisation, rolling settlements, tighter corporate administration and strong risk management.
Pandey credited the organisation's success to the spirit of collaboration between SEBI employees, market participants and regulatory bureaus, along with government officials and agencies and the media.
"The contributions of SEBI colleagues, exchanges, depositories, clearing corporations, intermediaries, and other market participants have been remarkable. Equally, the support of the Government, fellow regulators, professionals, and the media has been invaluable," he said.
He also further noted that trust from investors has led SEBI's progress.
"Above all, it is the trust of investors that has brought SEBI to this point — a trust that is earned over time and protected every day," he stated.
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