As bankers return to the office, industry body warns of new risks of bad conduct

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Returning to the office will bring new challenges for banks and brokerages seeking to enforce good conduct by staff, after the bulk of their employees worked from home during the coronavirus pandemic, a financial markets industry body said on Monday.

FILE PHOTO: General view of the Canary Wharf financial district, as the spread of the coronavirus disease continues, London, Britain, April 6, 2020. REUTERS/Matthew Childs

Regulators have worried about financial firms’ ability to maintain good trading standards while compliance teams were out of sight, but even with employees now drifting back to the office, new types of risks are emerging. “Then there will be pressures on people who feel there is an A Team and a B Team and that could drive certain behaviours. That is something firms are and need to look at as we move more into a hybrid model.”

The FMSB was set up to help improve behaviour in markets after banks were fined for trying to rig currency benchmarks and the Libor interest rate.

 

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Our office is hidden in that photo

I read Banksters, call me wrong?

Interesting...what did they built up massive Risk&Compliance departments for...Lip service...Fooling everyone....🥳🤡

Bankers? Bad conduct? Colour me astonished.

Maybe we should privatize oversight? GOPValues

Good these bastards have been doing shady shit for decades.

New risks? On top of the old risks?

Part of Them will return to Piracy Practice

They're bankers. Their conduct is bad by definition.

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