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HSBC US Chief Says He Won’t Compel 5 Days in the Office
Posted
May 25, 2024
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May 25, 2024
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0:58Now PlayingHSBC Holdings Plc won’t force US staffers back to the office five days a week unless new regulations from the Financial Industry Regulatory Authority require it.
“We will adjust to the Finra rules, we will make sure whoever needs to be here five days a week will be here five days a week, but I don’t want to decree people coming back,” Michael Roberts, chief executive officer for the US and Americas, said in an interview on Bloomberg TV. “I want them to come back because they want to come back and they feel productive and they feel good about it.”
Finra is preparing to sunset pandemic-era accommodations for monitoring brokers, traders and other staff. Banks are weighing how many workers they’ll force to return to the office full-time, while the regulator itself has said tighter attendance policies aren’t necessarily required, depending on how banks respond to the rules.
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