SEBI brand used for representational objective.
| Photo Credit: Reuters
Securities and Exchange Board of India (SEBI) is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney mentioned on February 24 and emphasised that entities ought to preserve monitor of technological developments.
Against the backdrop of situations of manipulations within the inventory market, he mentioned the message is that abiding with the regulation will likely be extra helpful and violations will trigger issues.
In response to a query by PTI on whether or not SEBI is using AI, Mr. Varshney mentioned, “we are using Al for investigations… and also using for a lot of things”. He was talking on the sidelines of the thirteenth worldwide conference of the Association of National Exchanges Members of India (ANMI) within the nationwide capital.
“As long as the market is transparent and no manipulation is happening, that is fine with the regulator,” he famous. The SEBI has been taking motion towards violators in addition to measures to reinforce transparency and curb misdoings.
