SEBI
SEBI forms committee for advanced financial and regulatory technology : Report
Mumbai/IBNS: In a bid to enhance its analytical capabilities using advanced tools, the Securities Exchange Board of India (SEBI) has formed a high level committee to examine financial and regulatory technology, a media report said.
The committee is looking into aspects such as technology for surveillance functions and market development, said G Mahalingam, whole time member, Securities and Exchange Board of India (Sebi) at Global Fintech Summit on Wednesday, reported Mint.
It will recommend technologies for both markets and SEBI's internal operations, said Mahalingam, added the report.
The market regulator has observed that the increase in complexities in technology, analysing structure data is not enough for effective surveillance.
With the panels recommendation, SEBI will figure out the advanced tools to strengthen its analytical capabilities such as processing of structured and unstructured data, pattern recognition, etc.
SEBI is also looking to implement artificial intelligence (AI) and big data analytics for its own analysis and surveillance of social media.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
