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UK watchdog warns banks to uphold conduct rules in remote working

LONDON, Oct 12 (Reuters) - Banks must apply the same standards of surveillance and conduct to staff working from home or in the office during the pandemic and in future as working practices inevitably change, Britain’s Financial Conduct Authority said on Monday.

“We will also have to navigate a huge amount of change over coming months ... that will no doubt include both hybrid ways of working and, over time, potential long-term changes to the way that we all work,” Julia Hoggett, the FCA’s director for market oversight said.

“Our expectation is that, going forward, office and people-working-from-home arrangements should be equivalent,” she told a City & Financial online event. (Reporting by Huw Jones; Editing by Kevin Liffey)