The Securities and Exchange Board of India (Sebi) and AutoritÃ© des MarchÃ©s Financiers (AMF) have joined hands to promote fair, efficient and transparent capital markets in India and France. The collaboration between the two authorities would include promoting mutual regulatory understanding and exchange of information as well as an annual co-operation program. It also aims at addressing the increasing cross-border business and the globalisation of financial markets, said a Sebi release. According to Sebi chairman M Damodaran, the increased cooperation reflects the enhanced significance of the presence of emerging markets in an increasingly globalised world. â€œThis would enable greater focus on investor protection in a disclosure-based global regime,â€ said Mr Damodaran adding that this would also lead to greater co-operation of the industry in the two jurisdictions to promote capital formation. The mutual regulatory understanding and exchange of information would include organisation of seminars in India and France, study visits, public conferences, visits of delegations, internships and improved co-operation in cross-border securities enforcement matters.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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