Sebi developing AI-driven tool to analyse cyber safety at entities
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Mumbai: Sebi Chairman Tuhin Kanta Pandey on Friday said the capital markets regulator is in the process of developing an artificial intelligence-powered tool to analyse regulated entities' cyber safety preparedness. Speaking at the BSE here, Pandey also said Sebi is in the process of constituting a working group to develop a technology roadmap for market infrastructure institutions (MIIs). "AI-driven inspection tool is currently under development to strengthen risk-based supervision of regulated entities," Pandey said, while speaking at the oldest stock bourse's benchmark Sensex's 40th anniversary event. The tool under development will analyse cyber audit reports, identify control gaps, and classify entities based on their risk exposure, Pandey said. The technology roadmap will provide MIIs a structured five years (short-term) and a 10-years (long-term) strategic technology vision for the securities market ecosyste...