Canindia News

Sebi considering use of AI to curb market manipulation

Mumbai, Jan 23 (IANS) Market regulator Sebi is considering the use of artificial intelligence and other advanced technology to curb market manipulation, its chairman Ajay Tyagi said on Thursday.

In his address at the SEBI-NISM Research Conference on “Changing Landscape of SecuritiesMarket” here, he said that Sebi has already planned “Data Lake” project to augment analytical capability with advanced analytical tools.

“Social media platforms are increasingly being used by manipulators for market manipulation. Regulators worldwide are increasingly acknowledging that there is much more surveillance input that can be gained from such social media platforms than that can be gained from analysis of structured data,” Tyagi said.

Besides, he added that the application of AI/ML and blockchain tools has the potential to bring a paradigm shift in the securities markets landscape.

“Amongst other applications, blockchain could be used in clearing, settlement and record-keeping given its benefits in maintaining records in distributed ledgers, while still being a single source of truth,” Tyagi said.

The Sebi boss also highlighted the need to effectively manage systemic risks financial market regulators worldwide. Systemic risk monitoring, he said, requires continuous identification and monitoring of systemically important financial institutions.

–IANS

ravi/vd

YOU MAY ALSO BE INTERESTED IN

Disney to lay off more employees

CanIndia New Wire Service

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox