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

Michael C. McKay

Understanding

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 ...

Michael C. McKay

Glossary

Understanding the concept of stovepiping: What is stovepiping and its implications

Stovepiping is a term commonly used in the intelligence community to describe a situation where information is not effectively shared or integrated across different departments or agencies. In stovepiping, each department or agency operates independently, with limited communication or collaboration. This lack of connectivity and coordination can lead to inefficiencies in link the collection, analysis, ...