Sebi gears up for use of AI, machine learning on Dalal Street

Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.
The regulator has come out with a consultation paper titled ‘Guidelines for responsible usage of AI/ML in the Indian securities market’ that has detailed the proposals. The paper was published after a working group of experts from the field gave their recommendation on the use of AI/ML.