COVID-19 is putting the systems used to monitor their activity to the test, with some experts saying the technology needs to be more robust to secure against unauthorized activity or possible insider trading.The Bank of Canada warned in May the move to remote work could leave financial institutions more exposed to operational vulnerabilities, including increased challenges to trade surveillance from changing trading patterns.
The central bank declined to comment for this story.So far, banks and the trading regulator have not significantly changed their surveillance systems, and little suspicious activity has come to light since most traders began working remotely in March.But some warn of risks.“More time is needed to detect any issues or.