Harshad Mehta scam to insurance reforms: Why Deepak Shenoy calls regulation 'a feature, not a bug'

The aftermath of the Harshad Mehta scam reshaped India’s financial-market regulation, with reforms aimed at strengthening transparency and investor confidence. Decades later, Deepak Shenoy, CEO of Capitalmind, sees a similar role for tighter insurance regulation, arguing that short-term disruption can be the “cost of building trust.”