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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As part of ring fencing its investment banking business from its retail operations, Royal Bank of Scotland (LSE: RBS) is to rename its investment bank.
Global Banking News-September 27, 2016--Moody's cautious about UK ring fencing rules
Global Banking News-October 21, 2015--Barclays said to be looking to circumvent ring fencing rules
Global Banking News-September 28, 2015--British banks to resist ring fencing
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.enpublishing.co.uk
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.