Gopinath Committee on Corporate Bond Market

2019 ias preliminary exam test series

Securities and Exchange Board of India [SEBI] re-constituted its committee that suggests roadmap for developing corporate bond market in the country.

The 28-member committee would be chaired by Shyamala Gopinath, former Deputy Governor at the Reserve Bank.

It was set up in 2011 under the chairmanship of R H Patil and is mandated to advise the regulator on developing the corporate bond market as well as securitised instruments in the country.

It also advises Sebi on “implementing the recommendations of the high level committee on corporate bonds and securitization”.

It also suggests to Sebi on removal of regulatory hurdles under its purview and advise on issues which need to be taken up with other regulators.

Other members on the panel include JP Morgan Managing Director Madhur Agarwal, ICRA Managing Director Naresh Takkar, IRDAI Member V R Iyer and V Chandrasekaran Executive Director (Investment Operations) at LIC.

The Corporate Bonds & Securitization Advisory Committee also includes representatives from Sebi, BSE, NSE, RBI and independent experts.

One of the major terms of reference of this committee is to advise Sebi on issues for addressing the operational and systemic risks, if any, in the market for corporate bonds and securitized instruments.

It also facilitate coordination among SEBI, RBI, IRDA, PFRDA and concerned departments of Government of India on development and policy issues.

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