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Oh dear, traders: Banker bosses are monitoring your smoke breaks

Anonymous Coward
Anonymous Coward

What AC2 said. In my previous bank all employee trading was meant to be cleared beforehand from your bog standard ISA upwards. This was honoured more in the breach for IT guys.

My current bank not only enforces that breach but expects you to log spouse trading as well, with a clear impact on your end of year review if breached. It also has the trading permission system linked to the company watch list as well so any interaction with a clients shares was blocked for duration of the dealings. For instance we were once doing some M&A for a top ftse Telco whom everybody and their granny has shares in. I wasn't allowed to cash in mine for about 6 months.

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