Sebi: Surveillance Of Ses Needs To Be Strengthened

The Securities and Exchange Board of India has said its surveillance of stock exchanges needs to be strengthened and insulated from its other functions.

In a briefing to the joint parliamentary committee on the recent stock scam today, the market watchdog has also acknowledged that there is a need to improve the efficacy of its warning system about any impending crisis in the exchanges.

Sebi told the JPC that at present, its surveillance was mainly dependent on one individual