Sebi sets up committee on corporate bond mkt

Mumbai: Market regulator Sebi today constituted a 16-member committee which will suggest a roadmap for developing corporate bond market in the country. The 'Corporate Bonds & Securitisation Advisory Committee' would be chaired by R H Patil, the Chairman of Clearing Corporation of India Ltd (CCIL), Sebi said in a statement. The committee, which includes representatives from Sebi, RBI and independent experts, would advise the regulator on development of corporate bond market and the market for securitised instruments in the country. Members of the committee include Nimesh N Kampani (Chairman, JM Financial), Rajiv Lall (MD & CEO, IDFC), Chitra Ramakrisha (Joint MD, NSE) and B Prasanna (MD & CEO, ICICI Securities- PD), among others. The Committee would "advise Sebi on implementing the recommendations of the High Level Committee on Corporate Bonds and Securitisation," it said.
Source: PTI