Chinese walls
An information barrier between an organization’s departments and divisions to block the dissemination of sensitive information. Chinese walls are intended to prevent *conflicts of interest or the abuse of *price-sensitive information. In multidisciplinary organizations that include external auditors, Chinese walls are an important mechanism to ensure auditor independence. The term derives from the defensive walls erected around ancient China.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • chinese walls — are regulatory information barriers that aim to stop the flow of information that could be misused, especially in financial corporations …   The small dictionary of idiomes

  • chinese walls —    Chinese walls are regulatory information barriers that aim to stop the flow of information that could be misused, especially in financial corporations.   (Dorking School Dictionary) …   English Idioms & idiomatic expressions

  • Chinese walls —   Chinese walls are regulatory information barriers that aim to stop the flow of information that could be misused, especially in financial corporations …   Dictionary of English idioms

  • Chinese Walls — im Rahmen von ⇡ Compliance Maßnahmen zu schaffende Abgrenzung zur Wahrung der Vertraulichkeit. C.W. wurden verstärkt gefordert aufgrund von Interessenkonflikten zwischen ⇡ Investment Banking und Aktienanalyse. Literatursuche zu  Chinese Walls auf …   Lexikon der Economics

  • Chinese walls — /ˌtʃaɪni:z wɔ:lz/ plural noun imaginary barriers between departments in the same organisation, set up to avoid insider dealing or conflict of interest (as when a merchant bank is advising on a planned takeover bid, its investment department… …   Dictionary of banking and finance

  • Chinese wall — n. A policy used by securities firms that prevents all departments from accessing nonpublic information in order to prevent insider trading and self dealing. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …   Law dictionary

  • Chinese wall — For other uses, see Chinese wall (disambiguation). In business, a Chinese wall or firewall is an information barrier implemented within a firm to separate and isolate persons who make investment decisions from persons who are privy to undisclosed …   Wikipedia

  • Chinese wall — Communication barrier between financiers (investment bankers) and traders. This barrier is erected to prevent the sharing of inside information that bankers are likely to have. The New York Times Financial Glossary Communication barrier between… …   Financial and business terms

  • Chinese Wall — A Chinese Wall separates two departments within an investment bank to ensure that conflicts of interest do not arise. London Stock Exchange Glossary * * * Chinese wall Chi‧nese wall [ˌtʆaɪniːz ˈwɔːl ǁ ˈwɒːl] noun [countable usually plural]… …   Financial and business terms

  • Chinese Wall — The ethical barrier between different divisions of a financial (or other) institution to avoid conflict of interest. A Chinese Wall is said to exist, for example, between the corporate advisory area and the brokering department of a financial… …   Investment dictionary

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