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Sachs and the City?!......Goldman Sachs will require masks in the office starting Monday.....
Posted by: NewtonMP2100
Date: July 15, 2021 10:34PM
.....in the London office......despite easing of rules by government......


Goldman Sachs to require staff to wear masks from Monday

.....Bankers returning on Monday to Goldman Sachs' £1bn London head office will be required to wear masks in the building despite the easing of government rules.

However, unlike some competitors, Goldman will not require staff to be vaccinated to come into work.
It hopes 70% of UK staff will return to the office in the coming weeks.

The boss of Goldman Sachs International Richard Gnodde said the company remained as committed to its London head office as ever.

Financial services is a crown jewel in the UK economy and contributes 12% of all taxes paid in the UK.

Since the Brexit vote, more than £1tn of customer and company money, trillions more in transaction volumes and an estimated 8,000 jobs have left the capital. This has left some questioning whether that crown was in danger of slipping.

On the day real royalty in the shape of Prince Charles visited Goldman's offices, Mr Gnodde told the BBC that the future for London remains bright.

'New opportunities'
"We put this building in place through the Brexit period and it really underscores our confidence that London will remain one of the world's leading financial centres," Mr Gnodde said.

"There has been some movement of assets. So you know, that has gone. And our access to the European market is not as free as it used to be. We have to build and create new opportunities."

But there was also a thinly disguised warning. Creating those opportunities will need the help of the government and regulators to keep London competitive with other international centres.

Mr Gnodde thinks that lessons can be learnt from the big bank deregulation of financial services in 1985.
"The UK was unambiguously supportive of financial services - it was crystal clear. I really want to stress this point - certainty - in terms of support for business is absolutely key.

"And it has to be consistent. You can't support business on Monday and Tuesday, and then criticise it on a Wednesday and Thursday… that sends a confusing message. Certainty is critical."

'Cut bureaucracy'
When City bosses talk about competitiveness, it's often code for lighter regulation. Outside the EU, many have called for a bonfire of regulation. If Mr Gnodde had the match which bits would he burn?

"Eliminate duplication and unnecessary excessive reporting. Let's do what we have to do to have effective regulation. But let's cut out some of the bureaucratic elements to enable firms to use their capital resources efficiently."........



is this good.......Sachs........?!



_____________________________________

I reject your reality and substitute my own!



Edited 1 time(s). Last edit at 07/15/2021 10:34PM by NewtonMP2100.
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Re: Sachs and the City?!......Goldman Sachs will require masks in the office starting Monday.....
Posted by: Speedy
Date: July 16, 2021 11:42AM
Fascism would suit him well. England is well suited to drift that direction with the Conservatives in firm grip of power.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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