New Delhi, Feb. 3 -- India's market regulator has flagged the need for banks to step up safeguards around price-sensitive information, Securities and Exchange Board of India (Sebi) chairperson Tuhin Kanta Pandey said.

The regulator has held multiple workshops with banks to strengthen internal controls and limit access to sensitive data, following its order alleging an insider trading scheme involving a Central Electricity Regulatory Commission (CERC) official and trades in Indian Energy Exchange Ltd (IEX) shares. Edited excerpts from an interview with Mint:

The circumstances are not very different from what they were the year before because I think there is a continued level of instability in the world. Growth prospects are also uneven ...