Foreign regulators admire India's supervision: SEBI

Promising a hawk-eyed vigil on those trying to make unlawful gains through manipulations, market watchdog Securities and Exchange Board of India has said it has developed a surveillance system that even foreign regulators are looking to emulate.

Promising a hawk-eyed vigil on those trying to make unlawful gains through manipulations, market watchdog Securities and Exchange Board of India (SEBI) has said it has developed a surveillance system that even foreign regulators are looking to emulate.

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"From the system that was there earlier and the system and processes we have got right now, there is a world of a difference... In fact, my impression is that many of the countries do not have such kind of systems in place," SEBI chairman UK Sinha said.

"Some regulators outside India are looking at our systems. When I attend IOSCO meetings and exchange data, we find that our system is quite advanced."

The International Organisation of Securities Commissions (IOSCO) is a global body of securities and futures market regulators.