Here’s what Singapore’s cautious return to work will look like

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Here is how banks are approaching the easing of restrictions in Singapore. YahooFinance

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-- Mostly empty offices, staggered work hours, face shields and contact tracing -- that’s what Singapore’s cautious return to work will look like under the watchful gaze of the hub’s financial regulator.

How quickly banks get back to business as usual will be closely watched in a country where the finance and insurance industry makes up about 14% of gross domestic product. With the economy facing its worst contraction since independence in 1965, Oversea-Chinese Banking Corp. says it’s keen to have more bankers return to the office to process applications for relief loans.

Meetings between wealth and other advisers and their customers will be held by appointment only, and both sides will need to use an app that allows contact tracing, according to a MAS statement released last month. Goldman SachsThe U.S. bank “will begin the first phase of a gradual and careful return to office in Singapore from Tuesday,” Hong Kong-based spokesman Edward Naylor said. “Client meetings will resume but in a limited way.”

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