> I'm sure compliance personnel, at least, would like to know what is said in the discussions about them
It's not common practice to record office conversations. Neither is it common to forbid offsite meetings.
It's not common practice to record office conversations. Neither is it common to forbid offsite meetings.
The counterpoint is that, if you have strong regulators, then they will sniff out the funny business anyway. The resultant fines would hurt the bank's stock, which would still be negative for the compliance personnel.
There, we just had a discussion as to compliance workers' future compensation. And we're not even in the business!