Reported 3 days ago
Germany's financial regulator, BaFin, is employing artificial intelligence to detect market abuse and trading irregularities, enhancing its ability to catch offenders. BaFin President Mark Branson highlighted that the AI-driven alert and analysis system has improved the accuracy of identifying suspicious trading activities. As a result, the likelihood of being penalized for market manipulation in Germany has significantly increased, following BaFin's efforts to regain credibility after the Wirecard scandal.
Source: YAHOO