PwC statement on technology compliance tool
06/16/20
Statement relating to media reports about the technology we're developing for traders working at home
We are developing technology specifically to support the compliance environment required for traders and front office staff in financial institutions.
Crucially it is designed to support those adhering to the regulations while remote working, in the least intrusive, pragmatic way.
Trading is highly regulated and there are strict requirements for traders in the workplace - for example secure trading floors without access to personal mobile phones. Regulators have stated that remote working results in a change in risk and requires additional controls and mitigations.
The technology we are developing can be calibrated to banks and individuals’ own needs and working hours.
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
© 2020 PwC. All rights reserved
Contact us
Head of Content, Business Restructuring Services, PwC United Kingdom
Tel: +44 (0)7841 468678
