Chinese walls (Communication barriers)
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Information for Authority record
Other Identifiers
Wikidata:
Q458105
Library of congress:
sh2001010616
Sources of Information
- Work cat: Hollander, C. Conflicts of interest & Chinese walls, 2000:p. 96 ("Chinese Wall" is the expression used to refer to an information barrier within the firm which is intended to ensure that information available to or known by certain members of the firm is not available to other members of the firm)
- 1 All E.R. 517 HL (Bolkiah v. KPMG 1999)(aware of the possibility of a conflict of interest ... the firm erected an information barrier (a so called Chinese wall) around the department)
- Brewer's dictionary of phrase & fable, 1995(Chinese wall. On the Stock Exchange, a ban on the passing of confidential financial information from one department to another ...)
- Dictionary of business terms, 2000(Chinese wall: imaginary barrier between departments of a service company (broker, consultant) constructed in an effort to avoid a conflict of interest)
Wikipedia description:
A Chinese wall or ethical wall is an information barrier protocol within an organization designed to prevent exchange of information or communication that could lead to conflicts of interest. For example, a Chinese wall may be established to separate people who make investments from those who are privy to confidential information that could improperly influence the investment decisions. Firms are generally required by law to safeguard insider information and ensure that improper trading does not occur.
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