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Chinese walls
 

 

The requirement that financial firms prevent transfers of information between staff who are dealing with different clients, which could lead to conflicts of interest or to ’insider dealing. For example, if department A is advising clients with funds under management to buy or sell shares in company B, it should not know what advice department C is giving to on a takeover bid that will affect its share price.

 

Reference: Oxford Press Dictonary of Economics, 5th edt.