The functional and/or spatial separation of confidentiality areas in securities services companies prescribed by the supervisory authorities. The transfer of information across divisions (wall crossing) and the involvement of employees from other divisions is only permitted if the transfer of information is limited to what is necessary (need-to-know principle). – See compartmentalization, banking supervision, European, bankers’ regulars, banking, limited, compliance, corporate governance, floor rumors, insiders, employee guidelines, need-to-know principle, nominee, disclosure obligation, loans to governing bodies, System Securities Watch Application (SWAP), silo thinking, code of conduct, wall crossing. – Cf. 2004 Annual Report of BaFin, p. 126 (here: Separation of in-house analysts and underwriting business in IPOs) and the respective BaFin annual report.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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