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Financial Firms' Communication Dilemma
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Financial firms are grappling with the challenge of capturing and preserving staff communications, particularly in light of recent regulatory fines. HSBC and other banks have implemented measures to monitor and control employees' use of messaging apps, while Tesla and Costco face leadership changes and regulatory scrutiny.
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How might the increasing use of messaging apps and disappearing messages impact the compliance and record-keeping challenges faced by financial firms?
In what ways could the leadership changes at Tesla and Costco reflect broader trends in corporate governance and decision-making?
What are the potential implications of the regulatory crackdown on unauthorized messaging apps for the broader financial industry and related tech companies?
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