U.K. Sinha, Chairman of the Securities and Exchange Board of India (SEBI), has the onerous responsibility of being the regulator of the stock markets in India. Although the country may have moved away from the era when stock markets were seen as nothing more than gambling dens and casinos, there are new challenges that confront the regulator often. As Sinha says in the course of the interview, the market has a lot of smart people who are frequently testing the regulator’s capacities of detection and investigation. A combination of tough rules, rigorous enforcement aided by state-of-the-art technological systems, will help the regulator keep a close tab on the market and its many manipulators. Excerpts from a wide ranging interview, the first given by the Chairman after the new rules announced to revive the mutual fund and primary market last week
http://www.thehindubusinessline.com/markets/article3808215.ece
.
