NEW DELHI: The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility.
In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy.
Pandey said the current crisis adds to a series of shocks that businesses and regulators have faced in recent years, including the Covid-19 pandemic and rapid technological disruptions such as artificial intelligence (AI), which have tested institutional resilience.
Highlighting regulatory developments, the SEBI chief said the framework has evolved in a calibrated manner, strengthening disclosure norms through periodic and event-based requirements, introducing clear materiality thresholds and timelines, and enhancing board independence and oversight.
He added that accountability mechanisms such as secretarial audits and a stronger role for compliance officers have further reinforced governance standards.