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• The securities commission fined the financial group for failing to maintain Chinese walls between its corporate finance and broking arms.
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With Chinese walls, corporate advisers are kept separate from traders so price sensitive information is kept secret.
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• The securities commission fined the financial group for failing to maintain Chinese walls between its corporate finance and broking arms.
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With Chinese walls, corporate advisers are kept separate from traders so price sensitive information is kept secret.
Maintaining client confidentiality is crucial to any firm, but particularly large multiservice businesses. Where firms are providing a wide range of services, clients must be able to trust that information about themselves will not be exploited for the benefit of other clients with different interests. And that means clients must be able to trust in Chinese Walls. Some Wall Street scandals in recent years, however, have made some people doubt the effectiveness of Chinese Walls, as well placed executives of respectable firms have traded illegally on inside information for their own benefit.
1) Великая китайская стена
2) (Chinese wall) китайская стена, непреодолимый барьер
принцип суворого розмежування (між підрозділами компанії; диктується як міркуваннями комерційної таємниці, так і вимогами законодавства)