So the law as written regards keeping records of inter-office memoranda, but the regulators have cheerfully expanded the scope of this to include essentially all communication by bank employees (except maybe phone calls).
No, it includes calls now. Traditional calls over copper telephone lines are not recorded, but digital calls over MS Teams or whatever are recorded and kept for review.
You still need a secondary device if you want to have a private conversation.
You still need a secondary device if you want to have a private conversation.