mumbai, March 31 -- Regulations need to have a balanced approach, the chief of India's market regulator said during a keynote session at the Mint India Investment Summit 2025 held recently. Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (Sebi), also said that high entry barriers could be the cause of the low number of registered investment advisors (RIAs) in India, adding that the RIA business should evolve to a paid one. Edited excerpts.
Any issue has two sides. Type 1 error occurs when a lack of regulation creates systemic risk, harming people and other sectors. Type 2 error occurs when over-regulation stifles innovation. Regulators must balance these two sides. If we are concentrated and unaccountable, the ch...