Bailey replied he had a "degree of cynicism" about the Chinese walls
, which were designed to keep different arms of financial institutions independent of each other.
The JOBS Act has all but eviscerated this Chinese wall
for qualifying companies--allowing analysts to create interest in a stock that is the subject of an offering even as their firms profit from underwriting the offering.
But neither am I so naive as to think that, even with the best efforts of boards and management, so-called Chinese walls
can remain impermeable against the pressures to seek maximum profit and personal remuneration," he said.
AMF said that it had been unable to find evidence of insider trading but that Societe Generale's failure to identify a potential conflict of interest and police its Chinese Walls
were breaches of financial rules.
They say there are Chinese walls
, but I don't think they always work.
But when it comes to money I have always been able to rationalise my principles and build Chinese walls
between the two.
He told them: "There must be maximum unity in Labour's campaigning and the campaign that I lead will have no barriers, divisions or Chinese walls
Well, when you put them all together without Chinese walls
, I think you're going to have some problems down the road.
Conflicts in an MDP can be resolved exactly as they have been historically: by informed client waivers, structural separation, and Chinese walls
(procedures that prevent information flows between firm members).
Motorola's smartcard will offer internal chinese walls
to prevent the different programs loaded on a card from interfering with each other, as well as security firewalls for both software and hardware.
Ferrara on Insider Trading and The Wall demonstrates how such firms can implement Chinese Walls
and other procedural devices to prevent employees who acquire material nonpublic information from sharing it with employees who trade securities.
should also be put in place to ensure there are no clashes between the SEB's permitting and advisory functions, said AMs.
If we don't have a better formulation of our aid, the immigration wave from Africa will continue, instability will continue and we can't just build Chinese walls
," he said in an interview with Reuters late on Tuesday.
Having breached the US and Chinese walls
, the world community should now push the two big emitters to give binding commitments.
The time for maintaining Chinese walls
and polite fictions has expired.