CVM to launch AI-based market supervision system this year

The Brazilian Securities and Exchange Commission (CVM) plans to implement an artificial intelligence-based market supervision system within the next three months. According to CVM President Otto Eduardo Lobo, the new system will operate 24/7, allowing for the continuous analysis of all companies rather than relying on samples, which is expected to increase the volume of supervised entities.

To support this transition, the CVM will hire companies to digitize market data and migrate it to the cloud. The agency is also working on regulations for digital assets and tokens, with a public hearing scheduled to conclude in 60 days. The supervision of these new digital infrastructures will be tested through Anbima, which is currently developing a financial asset tokenization project.

These initiatives are being funded by industry associations, including Abrasca, Anbima, and Ancord, which have advanced funds to the CVM following a Supreme Federal Court decision regarding market supervision fees. Additionally, the CVM has been authorized to hold public exams to hire 1,000 new employees to bolster its technology and administrative teams.