- NUM FICHE 005
- 25
- REDACTEUR 030
- NANIOT S.
- ORGANISME 035
- ISTI
- DATE RED 040
- 9308
- DOM GEN 060
- stock-exchange |
- DOM SPEC 065
- investment |
- ENT AN 105
- firewall
- IN ENT AN 110
- E ; n ; (AYTO-C,1990:134)
- DEF AN 115
- A legal restriction whereby a financial institution which includes a bank but also sells financial services (for example insurance or investment advice) must keep these two operations completely separate, staffed by different people, in order to avoid conflicts of interest. (AYTO-C,1990:134)
- CONT AN 120
- Yet investment bankers must be pondering the lament this week of Morgan's English chairman, Dennis Weatherstone, that "firewalls pose real and competitively damaging costs in terms of fragmentation of capital, duplication of functions, management inefficiencies and inhibition of synergies." (ECON-F,1991a:84)
- NOT AN 125
- A firewall is a more extreme version of a Chinese wall, which forbids the exchange of sensitive information between departments of financial institutions but does not actually force them to operate as separate entities. (R) (AYTO-C,1990:134) According to the occurences which we have collected, this term seems to be used only in the plural. (R)
- V A AN 160
- Chinese wall |
- ENT FR 205
- cloison étanche
- IN ENT FR 210
- F ; n f ; (LARE-F,1992d:880)
- DEF FR 215
- Restriction légale qui oblige une institution financière qui fournit aussi bien des services bancaires que financiers (assurances...) à isoler complètement ces deux opérations ainsi que leurs agents respectifs afin d'éviter tout conflit d'intérêts. (T) (AYTO-C,1990:134)
- CONT FR 220
- Il faut ajouter que la loi prescrira l'établissement de cloisons étanches ( [firewalls] ) entre maisons mères et filiales, selon des normes à préciser par le ministère des finances après négociations entre le [banking] et le [securities bureau]. (LARE-F,1992d:880)
- V A FR 260
- Muraille de Chine |
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© Naniot Sébastien 1993.