Securities and Exchange Board of India (Sebi) chairman U K Sinha has called for greater cooperation among developing countries to strengthen their position in the global capital arena, where historically financial policies are set by the rich and powerful.
“Developing markets must come together and look at areas of cooperation whereby they can jointly take care of the requirement of funds and capital of each other. If we can do that, we will be changing the face of this earth,” were the forceful words used by Sinha. He was delivering a keynote address in Mumbai on Tuesday , on the theme of `The Politics of Global Capital’ at a dialogue organized by thinktank Gateway House, jointly with the ministry of external affairs (MEA).