Ring fence: Difference between revisions
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imported>Doug Williamson (Expand first definition. Source: The Treasurer, November 2015, p49.) |
imported>Doug Williamson (Mend link.) |
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==See also== | ==See also== | ||
[[Hypothecation]] | * [[Earmarking]] | ||
*[[Glass-Steagall Act]] | |||
* [[Hypothecation]] | |||
* [[Non ring fenced bank]] | |||
* [[Ring fenced bank]] | |||
==Other link== | |||
[http://www.treasurers.org/node/9021 Electric shock, The Treasurer, May 2013] | [http://www.treasurers.org/node/9021 Electric shock, The Treasurer, May 2013] | ||
Latest revision as of 12:59, 2 July 2022
1.
To legally separate particular assets or liabilities within a company or other organisation.
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure.
2.
The legal barrier created for this purpose.
Sometimes written "ringfence".
See also
