SEBI Chairperson Urges Industry Trust And Collaboration For Market Integrity
SEBI Chairperson, Madhabi Puri Buch, emphasised on the foundational importance of trust in the financial markets. Trust, whether among retail investors, institutions, or foreign investors, serves as the bedrock for market growth, she said.
During her address at the 2024 APMI conference on Thursday, Buch underscored the markets regulator's commitment to maintaining an hierarchy of regulations that balances flexibility with necessary oversight across asset classes.
Buch also advocated for a collaborative approach between the Securities and Exchange Board of India and industry stakeholders. The chairperson praised industry initiatives aimed at reducing costs and enhancing compliance through collective efforts. She cited negotiated IT solutions and shared risk management practices among competing market infrastructure institutions as examples of this.
We are not being nice to the industry. This is a question about self-preservation that the regulator cannot survive if it does not co-create, and if it does something in isolation.Madhabi Puri Buch, Chairperson, SEBI
Addressing market misconduct, Buch urged industry vigilance in reporting early signs of malpractice to prevent trust erosion and regulatory overreach. She commended industry forums for their role in filtering out potential misconduct through rigorous standard-setting processes, fostering greater industry self-regulation.
She further emphasised on the importance of being a part of associations.
All the people in the industry who are not yet members of an association, I would strongly recommend that this is the way forward. You should become members of an association because then you have a voice and you have a seat at the table.Madhabi Puri Buch, Chairperson, SEBI
SEBI continues to evolve its regulatory frameworks with industry input, both of which put the investor at the center of everything, she said.
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