"Firewalls," are used by banks to separate investment banking from cash management services.

Question

Quizplus · Accepted Answer

The term "firewalls" in this context refers to regulatory and legal separations between different types of banking services, such as investment banking and commercial banking, to prevent conflicts of interest. However, the specific technology of "firewalls" is used in IT to block unauthorized access to or from a private network.

"Firewalls," Are Used by Banks to Separate Investment Banking from Cash