Conflicts of Interest Comptrollers Handbook June 2000 - Softcover

Comptroller Of The Currency Administrator Of National Banks

Softcover

ISBN 10: 1502893886 ISBN 13: 9781502893888

Publisher: CreateSpace Independent Publishing Platform, 2014

Synopsis

A bank that provides asset management services for clients may be required to manage a variety of actual or potential conflicts of interest. Conflicts of interest and self-dealing transactions normally arise whenever the bank’s ability to act exclusively in the best interest of account beneficiaries or clients is impaired. A fiduciary is required by a long history of case law to put the interests of account beneficiaries before the interests of the bank. The fiduciary owes its beneficiaries undivided loyalty and must administer each trust for the exclusive benefit of account beneficiaries and the purposes for which the account was created.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2014
• Language: English
• ISBN 10: 1502893886
• ISBN 13: 9781502893888
• Binding: Paperback
• Number of pages: 60