SEBI Honored as 'Best Conduct of Business Regulator' in Asia Pacific by The Asian Banker

Tags: Awards

The Securities and Exchange Board of India (SEBI) has been awarded the 'Best Conduct of Business Regulator' in the Asia Pacific by The Asian Banker. 

An Overview of the News

• This recognition highlights SEBI's commitment to transparency, fairness, and investor protection in India's securities markets.

• Kamlesh Chandra Varshney, Whole Time Member of SEBI, received the award at the Asian Banker Summit 2024 held on May 23, 2024, in Hong Kong.

• The summit's theme was "Bridging Innovation and Resilience in Finance."

Achievement in Market Settlement

• SEBI introduced T+1 settlement in a phased manner in 2021, fully implemented by January 2023.

• This initiative provides investors with faster access to their funds post-trade execution and settlement.

• The move has improved market efficiency and liquidity.

The Asian Banker's Role

• The Asian Banker facilitates community building among financial services industry players, including traditional banks, digital disruptors, fintechs, and platform players.

• It publishes rankings and ratings of institutions, people, and processes to establish high standards in finance product and solution delivery.

Securities Exchange Board of India (SEBI)

• It comes under the Ministry of Finance of the Government of India.

• It is the regulator of capital market and commodity market in India.

  • Establishment - 12 April 1988

  • Statutory status - 30 January 1992

  • Its first chairman - Dr. S.A. Dave (1988-90)

  • Current and 10th chairman - Madhabi Puri Buch

  • Madhabi Puri Buch is the first woman chairman of SEBI.

  • Headquarters - Mumbai