Russian Central Bank develops recommendations for protection of insider information
MOSCOW, September 26 (RAPSI) – The Central Bank of Russia has prepared recommendations to help participants of the financial market ensure efficient protection of insider information, the Bank’s statement reads.
The document provides practical recommendations and establishes general principles of processes on prevention of unlawful insider information use. According to the Central Bank, this guideline may be used by companies as a basis for development of their own plans.
One of the key principles is called “the Chinese wall” and envisages delineation of information flows, including organizational, physical and informational separation of employees receiving insider information and others.
The Bank advises the organizations to ensure prevention of an unauthorized access to working space and computers of employees dealing with insider information. These people also should be restricted from using personal cellphones, computers and flash-drives at work and hold meetings with clients in separate rooms, the Bank notes.