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A comment on On Being Indispensable. Parent comment

Re:On Being Indispensable by jlund-molfese on Wednesday March 16, 2022 @11:04AM (#30699683)
Can you provide a source or examples? Asking out of ignorance—I've worked in insurance and currently work for a US-based financial services company, but haven't heard of this practice before.
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Re:On Being Indispensable by chdoyle on Wednesday March 16, 2022 @12:39PM (#30701014)
It happens at most major investment banks, although to my knowledge the mandatory "two weeker" is generally limited to employees who manage risk like traders. It forces another person on the trading desk to be responsible for their carried positions which should help identify any mismarking or other types of fraud.

https://www.wsj.com/articles/SB10000872396390444914904577615...

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Re:On Being Indispensable by fluxode on Wednesday March 16, 2022 @01:41PM (#30701747)
It is typically referred to as YAR (yearly absence requirement)

https://www.newyorkfed.org/banking/circulars/10923.html

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