As reported by Banking Risk and Regulation, banks are intensifying surveillance measures on their staff, prompted by increasing regulatory fines and a heightened focus on culture and employee conduct.
In response to productivity challenges post-Covid, banks like Citi are monitoring private bankers' client interactions. Instances like JPMorgan Chase's recent $348.2m fine for its alleged failure to monitor trading activity, as well as the UK Financial Conduct Authority's crackdown on non-financial misconduct, have further fueled this trend.
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