WASHINGTON (Reuters) – U.S. monetary regulators are preparing contingency arrangements, consisting of travel limitations and home-working, to ensure they can successfully supervise the monetary markets as the coronavirus surrounds the U.S. capital.
A person wearing a face mask walks along Wall Street after more cases of coronavirus were verified in New York City, New York, U.S., March 6,2020 REUTERS/Andrew Kelly
On Friday, U.S. officials stated the very first 3 cases of the flu-like illness had actually been diagnosed in Montgomery County, Maryland, house to countless federal workers who travel in to workplaces in close-by Washington daily.
Agencies consisting of the Product Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and the banking regulators likewise have workplaces in New york city, San Francisco and New Jersey where other cases have actually been reported.
As New York banks start triggering their contingency plans, their watchdogs have actually likewise begun to take safety measures, permitting more home-working, cancelling and limiting travel, calling off conferences, and restricting some external conferences.
” The security and health of CFTC workers is our top concern,” Michael Short, director of public affairs at the firm stated on Friday. “The CFTC continues to make all required preparations to accommoda