Reported 8 months ago
The Italian market watchdog Consob has been experimenting with artificial intelligence (AI) to speed up the approval process for listing prospectuses and to detect insider trading. By utilizing AI algorithms that can quickly identify potential cases of insider trading, Consob aims to enhance market surveillance and detection of misconduct. The next phase involves integrating AI into the regular activities of the regulator to strengthen controls. This move aligns with the global trend of regulatory bodies leveraging AI technologies, with examples such as the UK's Financial Conduct Authority using AI to combat online scams.
Source: YAHOO