Articles for tag: banking industry, Chinese walls, confidential information, conflicts interest, different departments, financial industry

Understanding the Meaning and Significance of Chinese Walls

Chinese walls are barriers that are put in place to ensure protection, independence, and security in various industries. The term “Chinese walls” originated from the banking industry, where it refers to the policies and procedures that are implemented to prevent conflicts of interest and ensure the separation of certain activities within a financial institution. The ...

Understanding the Meaning of Redact: Explained in Detail

Redact is a term that is often used in various contexts to describe the process of altering or modifying information. It involves rephrasing, changing, censoring, or suppressing certain details to protect sensitive or confidential information. When we redact a document or a piece of text, we interpret its content and decide what information needs to ...