Sebi Chairman Tuhin Kanta Pandey on Wednesday said following insider trading regulations was the moral responsibility of banks’ management who also had to strengthen internal controls to detect and prevent such violations.
Advertisement
“Insider trading risks thrive where controls are weak — processes are unclear, responsibilities are undefined, and oversight is inconsistent,” Pandey told managing directors and chief executives of listed banks, noting that weak controls remained the prime reason behind many frauds.
Advertisement
×
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Combo
Yearly
Monthly
Already a Member? Sign In Now
Advertisement
Advertisement
Advertisement