Ring Fencing


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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Barclays Plc (LSE: BARC) appears to be considering ways to circumvent ring fencing rules.
While ring fencing rules have been proposed to protect savers and taxpayers from any future crises in the financial sector, banks feel the costs involved are too high.
Global Banking News-September 3, 2015--HSBC to modify name to cope with ring fencing laws
In order to get around ring fencing rules, Barclays Plc (LSE: BARC) has applied for a new banking license, Reuters reported.
British finance minister, George Osborne, has said that the government would not lighten rules related to ring fencing in the UK, Reuters has reported.
Global Banking News-August 5, 2014--Former BoE head says Australian banks could adopt ring fencing
The upper house of parliament in Germany, the Bundesrat, has cleared the legislation on ring fencing of banks in the country.
Global Banking News-February 12, 2013--European Banking Federation says ring fencing would lead to problems(C)2013 ENPublishing - http://www.
The banking standards committee has suggested a full break up of high street banks from investment banks in an 'electrified' ring fencing action, according to The Guardian.
According to a group of MPs who released the report, government rules on ring fencing bank activities 'fall short' and need to be boosted to ensure that they are able to police the banking industry effectively.
The head of banking supervision in the Financial Services Authority, Andrew Bailey, has said that banks that fail to comply with ring fencing of retail and investment operations should be threatened with forcible separation.