What is the purpose of a "screen" between private and public functions in an investment bank?
To prevent information crossing
To separate retail and commercial banking
To divide buy side and sell side activities
To comply with the Volcker Rule
Answer
A screen between private and public functions in an investment bank is used to prevent private insider information from being disclosed to the public areas of the bank, such as stock analysis. This helps maintain the integrity of the financial markets.
Bank on Your Future: The Ultimate Investment Banking Quiz