Context:
Tuhin Kanta Pandey appointed as the SEBI Chairman for three years, taking the reins from Madhabi Puri Buch.
Previously:
DIPAM Secretary (2019 2024), responsible for India’s overall disinvestment strategy. Revenue Secretary in the Ministry of Finance prior to SEBI. Holds a Master’s in Economics from Panjab University and an MBA from the University of Birmingham.
The Big Challenges for SEBI’s 11th Chief
- Continuity in Regulation vs. Moderation
- Choose between either continuing aggressive reforms that the previous incumbent had set in motion or adopting a more measured approach.
- Striking a balance between investor protection and ensuring stability in the market.
- Revival of the Market and IPOs
- Confidence boosters will be key as sell offs increase in the markets.
- Support IPO‘s and near capital market fundraising.
- Rise in Motivation of SEBI Employees
- Dealing with internal grievances for career growth, remuneration, and a touted “toxic work culture.”
- Stakeholder Management
- SEBI has been targeting a lot for overregulation ship demands for the right policy balance.
Formulating coordination with RBI, IRDAI, and market participants.
- SEBI has been targeting a lot for overregulation ship demands for the right policy balance.
- Regulatory Consistency
- Conducting impact study of the past policy changes to ensure long term effectiveness.
- Handling Corporate Rivalries & Conflicts
- Mediate between National Stock Exchange and Bombay Stock Exchange.
- Track corporate governance feuds and regulatory arbitral.
- Transparency & Conflict of Interest Management
- Disclosing personal investments to avoid any chance of perceived bias.
- Closure on the Adani Debate
- A situation where the credibility of SEBI is ensured through an investigation that is transparent and restores market trust.
- Innovation Balance & Market Growth
- Encourage new financial vehicles such as small REITs, corporate bonds, and alternative assets.
- Market Manipulation Crackdown
- Stringent regulation of Finfluencers and unauthorized stock advisory services.
- Industry Friendly Regulations
- Implement pro business policies, that would not interfere with existing market framework.
According to Pandey, a more pragmatic and rule driven approach could lead to handing SEBI more stability and predictability in its regulatory approach. His experience in finance, disinvestment, and economic policy makes him very well suited to balancing investor protection with market growth.
