{"id":14681,"date":"2024-06-25T18:03:24","date_gmt":"2024-06-25T15:03:24","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-to-assist-italian-regulator-in-monitoring-financial-markets\/"},"modified":"2024-06-25T18:03:24","modified_gmt":"2024-06-25T15:03:24","slug":"ai-to-assist-italian-regulator-in-monitoring-financial-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ai-to-assist-italian-regulator-in-monitoring-financial-markets\/","title":{"rendered":"AI to Assist Italian Regulator in Monitoring Financial Markets"},"content":{"rendered":"<p>The Italian Securities and Exchange Commission (CONSOB) is testing artificial intelligence to approve prospectuses and detect insider trading, according to <a href=\"https:\/\/www.reuters.com\/technology\/artificial-intelligence\/italys-consob-tests-ai-market-supervision-insider-trading-detection-2024-06-25\/\">Reuters<\/a>.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThese algorithms can assist in conducting preliminary analyses to identify instances of insider trading, followed by targeted investigative actions,\u201d stated representatives of the regulator.<\/cite><\/p><\/blockquote>\n<p>The algorithm requires three seconds to detect an error, whereas an expert would need at least 20 minutes, noted CONSOB.\u00a0<\/p>\n<p>Last year, the agency tested two prototypes developed in 2022 in collaboration with the Scuola Normale Superiore university and also developed a third model. The next step will be integrating AI into the regulator&#8217;s workflows.\u00a0<\/p>\n<p>The integration of this new solution is expected to enhance the quality of oversight and the detection of violations.\u00a0<\/p>\n<p>In March, the EU <a href=\"https:\/\/forklog.com\/en\/news\/eu-adopts-landmark-ai-regulation\">adopted the world&#8217;s first<\/a> set of key rules for regulating artificial intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Italian Securities and Exchange Commission (CONSOB) is testing artificial intelligence to approve prospectuses and detect insider trading, according to Reuters.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1603,36],"class_list":["post-14681","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-italy","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14681"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14681\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}