India, Sept. 27 -- SEBI's proposed AIsafeguards will mark the beginning of a new era in financial regulation, one concerned not only with institutions and transactions, but also how much freedom machines should have. Financial markets have always rewarded speed. The challenge now is that speed is being combined with intelligence and autonomy, often with limited human involvement. On August 19, SEBI Chairman Tuhin Kanta Pandey indicated that the regulator will issue guidelines on the responsible use of artificial intelligence (AI) and machine learning (ML) in the securities markets. The proposed framework is expected to include human oversight, stronger data controls and a "kill switch" that can stop an automated system when needed.

As a ...