ring fenced

ring fenced

Medspeak-UK
adjective Intended for a particular use; dedicated; protected from another use, especially referring to funds intended for a specific public initiative or body—e.g., local strategic health authorities and hospitals.
References in periodicals archive ?
In readiness for separation of its ring fenced and non-ring fenced banking activities during H1 2018, Barclays is pleased to announce the composition of the divisional Board of Barclays International (BI).
The formation of the Barclays International Board is another important step in strengthening our corporate governance as we prepare for the stand-up of the ring fenced bank next year.
However, that money has not been ring fenced, and local authorities can choose to spend it on other priorities.
We need a guarantee from the Minister that the extra cash already promised and any future funding will be ring fenced to that it goes directly into front line social care.
Stephen Hester, chief executive at Royal Bank of Scotland(LON: RBS), has said that forcing ring fencing leads people to believe that in case of a crisis, the ring fenced banks would somehow always be bailed out, according to a Reuters report.
Any losses on the ring fenced activities would not be allowed to be offset against profits on the non-ring fenced activities.
At least 75% of gross assets would have to lie within the ring fenced business which implies a limit on development on 25% of assets.
The ring fencing recommendation is based on a combination of the UK Vickers Commission's suggestion that the banks' retail activities should be ring fenced, and the Volcker's rule to limit proprietary trading.
A PLEA for ring fenced cash to breathe new life into the struggling seaside towns of North Wales has been rejected by a government minister.
Volcker, who created the now famous Volcker rule, has said that taxpayers would not be protected in the event of another financial crisis if banks were ring fenced.