Conflicts of Interest: Comptroller's Handbook June 2000 - Softcover

Comptroller Of The Currency Administrator Of National Banks

Softcover

ISBN 10: 1503308405 ISBN 13: 9781503308404

Publisher: CreateSpace Independent Publishing Platform, 2014

Synopsis

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

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2014
• Language: English
• ISBN 10: 1503308405
• ISBN 13: 9781503308404
• Binding: Paperback
• Number of pages: 60