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Singapore joins Wall Street in planning for return to office: MAS, ABS

Bloomberg
Bloomberg • 4 min read
Singapore joins Wall Street in planning for return to office: MAS, ABS
Less-crowded trading floors, facial recognition systems and split work areas could all become routine for bankers in Singapore.
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Less-crowded trading floors, facial recognition systems and split work areas could all become routine for bankers in Singapore as the Southeast Asian financial hub readies for office life in a post-Covid world.

Financial institutions in the city should use more no-touch technology, allow more space for each employee and adopt split teams on trading floors once staff return after the pandemic, according to recommendations from a study commissioned by the city’s banking association and the Monetary Authority of Singapore that was published on Tuesday.

Lenders are also being encouraged to use hot-desking, motion detectors, temperature and face-mask detection screening and improved ventilation to avoid potential contamination, according to the report. Staff should be allowed to work from satellite offices or branches in addition to the main headquarters, it said.

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