⁍ Banks and investment firms need more ‘creative solutions’ to avoid misconduct.
⁍ Staff are set to work from home for longer due to the pandemic.
⁍ Britain told people to work from home if possible from Thursday.
– The UK is telling people to work from home if possible as the number of cases of coronavirus, which causes the flu-like illness, continues to grow. Britain’s Financial Conduct Authority says banks and investment firms need to find “perhaps some more creative, resilient solutions to these issues than perhaps some of the ones that have worked so well so far,” Reuters reports. Banks and investment firms began working from home in March after a lockdown was introduced, but some have started returning to the office in recent weeks. “These are all difficult questions that get harder over time as it looks like no one is going to be back in the office anytime soon,” the FCA’s executive director for wholesale supervision says. “The longer working from home goes on, the more they are at risk of breaking down. The more new people come in, who you don’t know, you don’t know whether to trust or not, it’s in those areas where I think there is still more to do.”
Source: https://www.reuters.com/article/britain-markets-regulator/update-1-uk-watchdog-tells-banks-to-improve-remote-working-safeguards-idUSL5N2GL43I