SEBI Constitutes Committee for Financial and Regulatory Technology
The securities market regulator, Securities and Exchange Board of India (SEBI) has formed a high-level committee in order to recommend required changes in the financial and regulatory technology in India. It is going to examine the aspects of technology and unstructured data analysis for surveillance functions and market development.
This committee is mandated to make recommendations on learning from technology that can be adopted not just for the overall market but also internally for SEBI.
Need for the High-Level Committee
As the complexities are increasing gradually, it is not possible to analyze the events with the help of structured data only. Technology analysis will require the involvement of unstructured data as well in the coming years. This panel is going to help the market regulator in augmenting the analytical capability with advanced tools such as pattern recognition, processing of structured and unstructured data.
The internal functioning of the market regulator will also be reformed through the recommendations of the panel.
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs