Lot of 'onion peeling' for obtaining global first of T+0 settlements: SEBI chief Buch

Efforts for settlements: Obtaining global first of T+0 settlement entails plenty of problem-solving and personal discomforts, with achievement akin to ‘onion peeling’, SEBI chairperson Mhabi Puri Buch said.

current generation of Indian’s is on its path to see ‘high noon’ of new India, Buch said in her dress at annual convocation of Indian Institute of Management Ahmedab (IIM-A) on March 30.

"My colleagues often tell me that problem-solving with me is like peeling an onion. It makes everybody cry in process. But by time you are done, peeling layer after layer after layer of onion, you suddenly realise re is no problem left," she said as she spoke in capacity of chief guest of institute’s 59th annual convocation.

beta version of same day tre settlement on an optional basis for select stocks, termed as T+0 was launched by stock exchanges BSE and NSE last week. This will provide investors an alternative to make transactions in 25 securities in T+0 settlement.

    "When India became first large market in world to move to T+1 settlement, and just two days ago when we went live with an optional T+0 settlement, process felt pretty much same--lots of onion peeling happened to make for a global first," Buch said.

Buch is first-ever female he of capital markets regulator Securities and Exchange Board of India. 

No matter how hard, Buch said she persistently pursued mantra of doing what is right and leaving no stone unturned in process.

   "I believe that at a conscious and a subconscious level, my mantra has been very very simple. Do right thing, no matter how hard. Leave no stone unturned, no matter how hard. wonderful thing about this mantra is that eight times out of ten you actually succeed. And two times that you don't, you have absolutely no regret," she ded.

   Buch ded that gruates will find out ir own mantra for way ahe, which will be "default setting" within which it is effortless for m to operate.

   "And until you find that mantra, it is as though you have a quiver full of arrows, some sharp, some not so sharp. And as you aim for goals that you choose, you may find that your sharp arrows were perfectly well, wonderful, or that you need to sharpen some of your arrows," SEBI chief ded.

   She also asked students to not dwell too much on path feeling effortless and enjoyable during ir journey.
   "Just go with flow," she ded.

   However, she suggested students to delve into nature of ir mantra if y are in a tight spot regarding direction y are taking, and if ir mantra aligns with goals y are aspiring for.

   "In today's multi-dimensional and multi-varied world, re is an infinite set of combinations of which mantra can help you achieve which goal. You just need to make sure that you find a fit at a point in time," she said.

   Buch said her generation was very privileged to be a part of dawn of new India.

   "Your generation, in my view, is even more fortunate. You are on your way to seeing high noon of new India," she ded.

(With PTI Inputs)