Mid-term report card of Sebi chief shows her priorities have worked

While Sebi has always defined its role as that of a troika of development of the capital markets, their regulation and protection of investor interests, Buch has drawn the lines linking them

This month, Madhabi Puri Buch has completed half of her three-year term as chairman of the Securities and Exchange Board of India (Sebi). Since both her predecessors got more than that at the helm, she may also get that. U K Sinha was chairman for six years, and his successor Ajay Tyagi completed a five-year term. These long spells offered by the government to the regulator for nearly fifteen years, have helped to provide continuity in decision-making. 

While a three-year term seems, therefore, more of an appointment formality, a recap at the halfway stage of how the chief executive of