21-8 In the banking environment,economic and legal firewalls often have been designed to separate the risks of investment bank affiliate activities from commercial banks.

Question

Quizplus · Accepted Answer

Economic and legal firewalls have been designed to separate the risks of investment bank affiliate activities from commercial banks, in order to prevent any potential negative impact on the main banking operations.

21-8 in the Banking Environment,economic and Legal Firewalls Often Have