Sebi officials discuss ways to boost capital market

More than 100 officials of Sebi came together to discuss various issues, including ways to strengthen monitoring of regulatory compliances, as part of larger efforts to chart out the regulator's long term agenda.
The brainstorming sessions focused on three broad objectives so as to "reflect on and rediscover Sebi's near, medium and long term agenda" as well as to develop leadership and team building in the organisation.
Another topic of discussion was on building awareness about the regulator's upcoming campus of National Institute of Securities Market (NISM) and generate ideas about scaling up activities in the areas of capacity building and financial literacy, Sebi said in a release today.

Over 100 Sebi (Securities and Exchange Board of India) officials, including the chairman, whole time members and executive directors participated in the three-day programme that concluded on April 8.
Discussions touched upon various topics, including cyber security, revisiting regulatory framework to enable increased fund raising from securities market, enhanced and effective monitoring of regulatory compliances and ease of doing business for market intermediaries.
"Revisiting the framework for retail distribution, investment advice and curbing mis-selling", creating relevant databases and analytics to improve the quality of analysis and the regulator's communication strategy were also discussed.
"The developmental and regulatory initiatives taken by SEBI have in the recent years transformed the landscape of the Indian securities market.

"Yet the financial markets being dynamic and complex throw new challenges every day. In this context, need for regular reflection, innovation and generation of new ideas to enhance organisational capabilities assumes special significance," the release said.