The speculation is finally over. U.K. Sinha will continue as the Securities and Exchange Board of India (Sebi) chairman for another year.
The last-minute decision to continue with Sinha was preceded by breathless anticipation and a lot of speculation. It is always so. The appointment of a regulator comes with a lot of chatter on the Delhi and Mumbai gossip circuits. The political, business and moral (or not) leanings of the regulator do the rounds of the grapevine.
As consumers of news, we retail consumers of financial products also get caught up in the excitement and worry about who he will be (I use “he” because all eight chairmen have been men; no woman has made it to the regulator’s chair in the financial sector in India yet, though the current State Bank of India chairperson was in the running).
But should we worry? What difference does it make to our lives as buyers and sellers of capital market products who the chairman is?
