I am happy to be with you today at this seminar organised by the National Stock Exchange (NSE) and the International Securities Market Association (ISMA). The NSE needs no introduction to this audience. Mr Patil has been, at our request, working closely with the Reserve Bank of India (RBI) on various issues and we value his advice.
The NSE also has representatives on a number of committees looking into different aspects of the market. ISMA has been performing the role of an effective self regulatory organisation (SRO) and the rules framed by ISMA have become a benchmark for the fixed income securities market.