Sebi Chairman Tuhin Pandey unveils measures to boost fraud surveillance with tech focus
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey recently outlined key initiatives aimed at enhancing market surveillance and addressing emerging risks driven by technology during his speech at the Bombay Stock Exchange Brokers’ Forum’s Capital Market Confluence. He emphasized SEBI’s shift from reactive supervision to predictive oversight, leveraging revamped data systems to detect fraudulent trading patterns such as “pump and dump” schemes. Recognizing growing cyber threats, SEBI plans to introduce “Air Gap” guidelines to isolate critical market infrastructure from external networks and is conducting disaster recovery drills for market entities. Efforts are also underway to simplify KYC processes for non-resident Indians through digital verification, and SEBI is reviewing the securities lending and borrowing framework to boost liquidity. Additionally, the regulator aims to deepen commodity and bond markets while promoting digital, streamlined registration for foreign portfolio investors. Pandey highlighted ongoing consultations to ensure a fair, transparent market amid rising algorithmic and high-frequency trading.
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