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World

US Treasury's Mnuchin says supports designation of financial workers as 'essential' infrastructure

Mnuchin said such workers include those needed to process financial transactions and services, such as payment, cle
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  • Mnuchin said such workers include those needed to process financial transactions and services, such as payment, clearing, and settlement services, wholesale funding, insurance services.

WASHINGTON: US Treasury Secretary Steven Mnuchin said on Tuesday that he supports the Department of Homeland Security's designation of the financial services workforce as "essential critical infrastructure workers" who should maintian their normal schedules amid state and local shutdown orders.

In a statement, Mnuchin said such workers include those needed to process financial transactions and services, such as payment, clearing, and settlement services, wholesale funding, insurance services, and capital markets activities Essential financial services workers provide consumer access to banking and lending services, including ATMs and the movement of currency.

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