Ring Fencing

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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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But the chief executive claims the WRU have thrown a potential spanner into the works by saying the proposed ring-fencing on the Premiership, due to end in the summer of 2019, might not now go ahead.
Ring-fencing was brought into the Premiership at the start of last season when the division increased from 12 to 16 clubs, giving new boys Swansea, RGC 1404, Merthyr and Bargoed the chance to establish themselves without the threat of relegation.
Chief executive Ross McEwan said: "Our proposed future structure under the ring-fencing legislation and our brand strategy are key elements of the bank we are becoming.
But delegate Dominic Hannigan argued that ring-fencing the budget was not necessarily good.
Rather it claims that ring-fencing activities make resolution more straightforward by allowing an intervention to be more targeted, which means that essential banking services in the retail bank can be maintained, thereby limiting the costs to the economy.
Moody's Investors Service said that the UK Chancellor's expression of support on Wednesday for the ring-fencing proposals contained in the interim report of the Independent Commission on Banking published in April increased the probability of a negative outcome for bondholders of the affected banks.
It is reported that the commission favours a ring-fencing of "operationally essential" parts of Britain's biggest banks.
Betbrokers punter Jan Midgeley, who deposited pounds 1,480 with the firm just 25 minutes before it crashed, said: "What is the point of ring-fencing money if this is the result?
Under the ring-fencing modifications customers will be protected from any risks that might be associated with the parent company.
Ring-fencing is clearly impractical when no knowledge of the reservoir populations exists, but other steps can be taken to acquire progressively more detailed information about the reservoir structure.
The British regulator OFFER has proposed strict ring-fencing restrictions following the takeover of regional electricity supplier London Electricity by the French state-owned power group Electricite de France.
Under the terms of the approval of the merger in 2007, there are legally-binding ring-fencing agreements and requirements in place to protect the regulated company.