Philip M. Berkowitz Regulators, Banks and COVID-19 Employment Guidance
Federal, state, and local regulators have sought to provide guidance to financial services employers in coping with the unique circumstances of the current coronavirus lockdown, and inevitably some of this guidance focuses on employment related issues. In his Employment Issues column, Philip M. Berkowitz discusses some of the government guidance issued so far for dealing with various concerns.
May 13, 2020 at 12:30 PM
10 minute read
Banks and other financial institutions are in a unique position as they cope with the coronavirus lockdown. First, they are among the most stringently regulated industries, both from a domestic and an international standpoint. And second, they are considered an essential business, and thus generally remain open for business, even if many of their employees are working from home.
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