Wall Street Is Back in Office While Its Regulators Stay Home
- SEC pushes back requirement to return until at least June 6
- Union contracts play role in negotiations over remote work
People walk by the New York Stock Exchange in New York.
Photographer: Spencer Platt/Getty Images
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While Wall Street banks press employees to return to the office this month, its regulators in Washington are largely sticking with a flexible approach to remote work.
The U.S. Securities and Exchange Commission, which has a staff of about 4,500, pushed back until June 6 its earliest date for requiring employees to return, according to a person familiar with the plans. The Federal Reserve in Washington remains mostly in a remote posture, and at the Office of the Comptroller of the Currency, no final decision has been made on when workers will be called back on a mandatory basis.