Tuesday, May 28, 2013

Sebi: Hits, misses and the road ahead

.......It requires an unblinkered assessment of Sebi’s history to understand why Sebi has failed to stand up as a fearless watchdog of investor rights so far. At a time when the Financial Sector Legislative Reforms Commission (FSLRC) has proposed several new financial regulators, Sebi’s history serves as a cautionary tale, illustrating the gargantuan challenges in creating effective independent regulators in the country..............

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