Institutional memory is the backbone of effective financial regulation, ensuring consistency and informed decision-making as market complexity grows. A robust repository of past decisions, policy rationales, and leadership insights— including archived speeches—preserves regulatory continuity beyond individual tenures. When such records are missing, it weakens oversight and transparency.The absence of speeches by former Securities and Exchange Board of India chief Madhabi Puri Buch from SEBI’s website is a glaring gap in regulatory communication. This may stem from Buch’s preference for extempore speeches, often guided by prepared notes rather than written texts. While this approach allows for spontaneity and nuance, it leaves little behind for archival reference. A regulator’s evolving stance on policy, innovation, and market oversight is often captured in these speeches, making their documentation crucial for institutional learning.
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