Sebi chairperson Tuhin Kanta Pandey highlighted the dual nature of AI in securities market regulation

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AI offers powerful tools for fraud detection, but has risks too: Sebi Chief
Sebi chairperson Tuhin Kanta Pandey highlighted the dual nature of AI in securities market regulation, acknowledging its power for surveillance while warning of risks like opacity and bias. He emphasized the need for regulation to shift from supervising institutions to systems and technology, advocating for anticipatory, resilient markets. This is significant as AI is becoming increasingly important in financial regulation and the securities market.
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Key points
Exam-ready takeaways
He acknowledged AI's power for surveillance but warned of risks like opacity and bias
Pandey emphasized the need for regulation to shift from supervising institutions to systems and technology
He advocated for anticipatory, resilient markets to deal with the challenges posed by AI
This is significant as AI is becoming increasingly important in financial regulation and the securities market
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