Ananth Siva News Today

"It is the hottest topic in the industry right now," said one deals banker, describing the use of personal communications channels across the broader financial industry

LONDON – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools to discuss potentially market-moving matters, but the issue gathered urgency when the...

LONDON: Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorized messaging tools to discuss potentially market-moving matters, but the issue gathered urgency when the

Regulators have already begun to clamp down on the use of unauthorised messaging tools

Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely.

Financial institutions are being hit with millions of dollars in fines from regulators concerned about the use of messaging apps. That's forcing the financial firms to shift gears to deal with the issue.

Financial institutions are being hit with millions of dollars in fines from regulators concerned about the use of messaging apps. That's forcing the financial firms to shift gears to deal with the issue.