51. Mechanism of Decision Making for Legal Risk Prevention and Management in Private Banking
- Author
-
Shujing Wu and Kai Wang
- Subjects
Finance ,Legal risk ,business.industry ,Financial intermediary ,Net worth ,Risk prevention ,business ,Profit (economics) ,Private banking - Abstract
Private banking offers personalized services for high net worth individuals. Many financial intermediaries have established stable relationships with a number of high net worth clients by offering private banking service. Private banking service is also an important source of profit for those financial intermediaries. It is critical for financial intermediaries to comply with relevant laws and regulations while offering private banking service for their clients. This article analyzes the possible risk associated with the private banking business from a legal perspective and offers a general suggestion with regard to the mechanism of decision making and management for risk prevention and control from a legal perspective.
- Published
- 2020