MADHABI’S MARKET MANTRA: REGULATORY HUMILITY IS BOTH FLATTERING AND FATTENING
‘ANY ARROGANT REGULATOR IS DOOMED TO FAIL, SO BE FRIENDLY TO KEY MARKET PLAYERS’
2024-09-28 11:53
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SEBI chairperson Madhabi Puri Buch has revealed her mantra: regulatory humility. “Markets today are so complex; any arrogant regulator is doomed to fail,” she said addressing an event in Mumbai, held by the Association of Mutual Funds of India this week. Obviously, she has seen how a ‘friendly neighbourhood regulator’ is the favourite of market players just as it is personally rewarding. She also tried to make light work of the allegations of conflict of interest against her, saying it only created unnecessary controversy.