Regulator Sebi will discuss with stock exchanges on Friday measures that need to be taken to avoid recurrence of ‘technical glitches’ at bourses, as also steps to bolster cyber security framework, regulatory and market sources said.
The move comes in the wake of a technical glitch at country's largest stock exchange NSE, which led to halting of trading activities for over three hours on July 10. The Sebi will discuss issues, including the exchanges' back-up arrangements, disaster recovery plans and what more needs to be done to avoid such recurrences, regulatory sources said.
Among others, the regulator may also review norms pertaining to improve risk management to tackle volume at stock exchanges. Besides, the regulator will discuss measures to strengthen cyber security framework. Recently, slew of dreaded ransomware attacks, like WannaCry and Petya, had impacted the computer systems worldwide.