Bankers who had been in the habit of giving their personal number to the very top clients might even need two work phones, one regular and one “batphone”. It means that everyone at BoA, and quite possibly other big banks too when they update their rules, has to carry their work phone around with them all the time if they don’t want to be completely incommunicado. Presumably, when the boomers and millennials of compliance discover that voice memos are the new thing, those will be banned too.Įffectively this means that personal phones are absolutely prohibited for anything vaguely work related and that people who fall into the gray area of work/non-work must be addressed through a traceable work device. You aren’t allowed to use WhatsApp, Signal, SnapChat or similar apps at all for such communications and (somewhat inexplicably since it is archived anyway) you aren’t allowed to install Bloomberg Anywhere on your personal phone either. According to the new rules, you aren’t allowed to use your personal phone for any communication with a colleague, client, vendor or broker.
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