India minister urges market regulator to boost global consultations, tackle cyber risks - Reuters
India minister urges market regulator to boost global consultations, tackle cyber risks Reuters
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Notable Quotes
"The more (Securities and Exchange Board of India) frameworks are understood abroad, the greater the confidence of global capital in Indian markets."
— Nirmala Sitharaman , Politician
"The tools of attack are evolving at high speed, and the tools of defence must evolve even faster."
— Nirmala Sitharaman , Politician
"We need enabling frameworks for responsible financial education, but we should not tolerate the monetisation of uninformed retail investor trust for personal enrichment."
— Nirmala Sitharaman , Politician
"But the journey is far from over. The coming years will demand not just regulation, but vision."
— Tuhin Kanta Pandey , Executive
"We should not tolerate monetisation of uninformed retail investor trust for personal enrichment."
— Nirmala Sitharaman , Politician
"I urge Sebi to pursue this consultative path even further. Let market participants see themselves as partners in regulation, not as subjects of it."
— Nirmala Sitharaman , Politician
"It is the shared responsibility of all stakeholders to ensure that no citizen has to repeat the same verification journey across multiple financial products and platforms."
— Nirmala Sitharaman , Politician
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQSUZHUU1ucEprZ25lVVlDNFdWNWF0dzBTbXlZZU1OaEhVLTdnYjhZLUc2bVJPS0hlTmNKZzhoYUxFeUhiRTV6RWdGYXAwcHhPRDUyRjFVMlBNdmJEeGx4bjlNbkctNWluTjNHaC1TQ21WZkJhdlgtQXloek1PWmVicDkzaDhOSUJuRE5UODRTbVNHOUtCWGJtamlfZGNDZ2VLZmhpbE5PbWdpaGVGWVE0ZkoxUkU0OWRqOWFQZUt1UjYzaGM?oc=5" target="_blank">India minister urges market regulator to boost global consultations, tackle cyber risks</a> <font color="#6f6f6f">Reuters</font>
On SEBI's 38th Foundation Day, Finance Minister Nirmala Sitharaman highlighted cybersecurity as a critical challenge, warning of AI-driven cyber threats and launching 'Mission Jagrook' to enhance investor awareness.
Finance Minister Nirmala Sitharaman called on SEBI to spearhead the simplification and standardization of KYC processes across the financial system, emphasizing the need for a seamless and secure KYC architecture.
SEBI Chairman Tuhin Kanta Pandey emphasized the need for vision-led regulations to navigate global market volatility and technological disruptions, highlighting the importance of credibility and collaboration in SEBI's journey.
Finance Minister Nirmala Sitharaman urged SEBI and all regulated market institutions to remain exceptionally vigilant against emerging cyber threats, warning that a single successful cyberattack could destabilize markets nationally.
Finance Minister Nirmala Sitharaman urged India's market regulator to enhance global consultations and leverage artificial intelligence to manage cyber risks, emphasizing the importance of international collaboration for investor confidence.
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