SEBI Chairperson Buch lists core principles that guide regulators - Mumbai News

Mumbai, Sep 21 (IANS) Securities and Exchange Board of India (SEBI) Chairperson, Madhabi Puri Buch, on Wednesday laid down some core principles that guide regulators such as anonymity, transparency, financial inclusion, and structural vulnerability.

by IANS | Updated Sep 21, 2022

SEBI Chairperson Buch lists core principles that guide regulators - Mumbai News

Delivering the keynote address at the Global Fintech Fest 2022 here, she said: "There is likely to be a regulatory gap when there is something new and innovative that happens in the market. It is up to the regulator to keep pace with that. Our intention is to narrow that regulatory gap in the startup ecosystem."

Buch also said that if your business model is woven around a black box, which is not open to sunlight for disinfecting or not capable of being audited or validated, it cannot be permitted.

The Global Fintech Fest 2022 is being organised and presented by the Department of Economic Affairs under the Union Ministry of Finance, the Reserve Bank of India, the International Financial Services Centres Authority (IFSCA), the National Payments Council of India, the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • LIC Housing Finance increases lending rate by 50 bps
  • 40th AGM of Zee Entertainment concludes
  • Private satellite TV industry completes 30 glorious years in India
  • 'No balancing of right to info, right to privacy': SC on its 2015 verdict on disclosure of bank info
  • Ford India inks severance package deal with the Union, announces sign-off bonus
  • Indian medical device industry can reach $50 bn by 2030: Mandaviya
  • TN to attract industries qualified under Centre's PLI scheme: Stalin
  • RBI looks at securitisation of NPAs, loan loss provisioning on expected loss basis (Ld)
  • Eight core industries' growth slows to 9-month low of 3.3% in Aug
  • Vi to introduce 5G mobile cloud gaming service in India