Ring Fencing

(redirected from ring-fences)
Also found in: Dictionary, Financial.
The British government's practice of limiting the monies it gives organisations (such as local strategic health authorities and hospitals) to designated purposes
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In September, the former chairman of the US Federal Reserve Paul Volcker told reporters that plans to force banks in the UK to ring-fence would not work in the event of a bailout.
Our policy towards regulatory ring-fences will be kept under review and when further changes seem appropriate for all the ring-fenced utilities which we regulate we will pursue them," said Mr McCallum.
Mr Callum McCarthy, director-general of gas supply, said the proposed licence changes by Transco were designed to create a new regulatory ring-fence around Transco.
Now the Financial Times has said that the float is unlikely to happen until 2013 at the earliest after this week's Vickers Report proposed that banks must ring-fence their retail arms from investment banking.
Even though Santander UK is a predominately a retail bank, between 5% and 10% of its assets would fall outside the definition of what can be included within a retail ring-fence, analysts have said.
Even though Santander UK is predominately a retail bank, between 5% and 10% of its assets would fall outside the definition of what can be included within a retail ring-fence, analysts have said.
WAITING GAME: Spanish banking giant Santander may have to delay a planned flotation of its UK operations following proposals to ring-fence retail banking