Chinese Walls are
A)internally imposed barriers that limits the flow of confidential client information among departments or areas.
B)regulatory barriers that are introduced to insulate the bank against losses.
C)regulations that prohibit a bank from lending anything at all to its securities affiliates.
D)restrictions on a bank holding company that prevents the use of subsidiary funds to support ailing affiliates.
E)hurdles created by excessive drain in the form of dividends and fees from a bank.

Question

Quizplus · Accepted Answer

Chinese Walls are internal barriers implemented by financial institutions to prevent the flow of confidential information between different departments or areas. This is done to protect clients and prevent conflicts of interest.

Chinese Walls Are