The idea of a super-regulator is a distraction from the much-needed clean up

The tendency to elevate form over substance applies to almost everything we do; it is especially true for government policies on investigation, regulation and enforcement agencies.

Consider the latest kite-flying about formalising the High Level Coordination Committee (HLCC) on financial markets. The HLCC, when it...

The mutual fund industry labours to survive under SEBI’s diktat

We think we should leave it to market forces to drive the fees/charges that intermediaries levy on investors… We will continue to monitor the progress.” This was the reaction of the Securities and Exchange Board of India (SEBI) to a Moneylife query about the impact on retail investors of its decision to scrap entry load on mutual...