Firewall
Definition of 'Firewall'Legal barriers that prevent both the transference of inside information and the performance of financial transactions between commercial and investment banks. |
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Investopedia explains 'Firewall'Restrictions placed on collaborations between banks and brokerage firms under the Glass-Steagall Act of 1933, acted as a form of firewall.This works similarly to fire wall software and hardware used in preventing or limiting outside access to a company's internal servers and networks. |
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