Banking body warns of new risks of bad conduct as staff return to office

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People who were accustomed to working from home could be less willing to own up to mistakes. FMTNews Office Return BadConduct

LONDON: 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.

“People will feel under certain pressures to return, particularly if you see half of your team back in the office in close proximity to the leadership,” said Martin Pluves, chief executive of the FICC Markets Standards Board . 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.

One of the newer risks is that people working from home could be less willing to own up to mistakes given it is easier for the error to go undetected, Pluves said.

 

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