FSA to rule on mobile call tapping

first_imgMonday 8 November 2010 8:54 pm THE Financial Services Authority (FSA) is poised to announce tough new rules that will force firms to tap the mobile phones of traders.It means traders will be subject to strict guidelines about mobile phone use. All calls on work mobiles will be tapped and personal mobiles will be banned from the trading floor. The FSA estimates around 16,000 mobile phones could fall under the new rules.The new rules would bring mobile phones into line with fixed line calls, which are already recorded.Text messages and instant messaging, including Bloomberg terminal messages, are also expected to be included.It is understood firms will be given a period of around a year to fall into line with the new regulations.Charles Rich of call management firm CTI Group said the changes will benefit the industry. He said: “The FSA’s mobile call recording regulations will protect financial institutions from rogue trader activity. By adhering to the rules and deploying a robust call recording solution, liability for any fraudulent activity will be attributed to the individual and not the firm they represent.” Network providers such as Vodafone already offer facilities for recording mobile conversations. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD KCS-content center_img Show Comments ▼ FSA to rule on mobile call tapping whatsapp whatsapp Tags: NULLlast_img