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The ECB require it for banks in the EU. As does the PRA in the UK and the FRB in the US.
by lucozade 3y ago
The ECB require it for banks in the EU. As does the PRA in the UK and the FRB in the US.
- the_mitsuhiko 3y agoWhat is the actual requirement?
- lucozade 3y agoThere are multiple but the main one is that all communication related to the activity of the bank needs to be recorded and be auditable. There are limitations for expediency. For example, only phone calls with customers or peer organisations are usually recorded. Most phone calls aren't as it's very expensive and not massively useful (although AI may change the calculus on usefulness). But all email, IM, BBG chats etc are recorded. And it's as pervasive as it is primarily because of the scandals of the credit crunch. Similar controls existed before then but they were less pervasive and not as strictly enforced.
- stingraycharles 3y ago> There are multiple but the main one is that all communication related to the activity of the bank needs to be recorded and be auditable. That’s very different from constantly recording audio and video of the employee which is what the grandparent described as dystopian. I’d also argue the focus here is on audits / transparency, rather than employee productivity.
- raverbashing 3y agoBut that's more on the 'communications' side rather than general monitoring of the worker (if the mouse is moving, etc)
- mardifoufs 3y agoDon't let facts get in the way of euro exceptionalism.
- psychlops 3y ago[flagged]
- mardifoufs 3y agoThanks for confirming that euro nationalism is at the "murica fuck yeah" stage that was common back in the 2000. Though it is even less grounded in reality in this case lol. (As a Muslim your comment is especially funny!)
- concordDance 3y agoCan I have a citation?
- yladiz 3y agoWhat is “it” exactly? What does the ECB require, for example? There were a few things listed so it’s not clear what you mean here.
- gamesbrainiac 3y agoNo it does not. It requires all formal communications to be recorded, but nothing else. No WADU.