India explores domestic market AI model
India's securities regulator SEBI is considering developing a domestically governed AI model specifically for securities markets, Chairman Tuhin Kanta Pandey said in Mumbai on October 28. The regulator is also preparing to implement artificial intelligence supervisory tools developed by the International Organization of Securities Commissions.
AI-based systems could improve market surveillance, risk assessment and regulatory efficiency. SEBI also plans to consult on aligning foreign investor compliance requirements more closely with international standards. The proposed domestic AI model remains under consideration and has not been deployed.
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