Published By: Mohammad Haris
Last Updated: February 24, 2024, 14:46 IST
Sebi has been taking motion towards violators in addition to measures to boost transparency and curb misdoings. (Representative picture)
Against the backdrop of situations of manipulations within the inventory market, Sebi Whole Time Member Kamlesh Chandra Varshney says the message is that abiding with the regulation can be extra helpful and violations will trigger issues
Sebi is utilizing synthetic intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney mentioned on Saturday and emphasised that entities ought to hold observe of technological developments. Against the backdrop of situations of manipulations within the inventory market, he mentioned the message is that abiding with the regulation can be extra helpful and violations will trigger issues.
In response to a query by PTI on whether or not Sebi is utilizing AI, 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 lengthy because the market is clear and no manipulation is occurring, that’s fantastic with the regulator, he famous.
The Securities and Exchange Board of India (Sebi) has been taking motion towards violators in addition to measures to boost transparency and curb misdoings.
