Ring fence: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
(Remove out of date material.) |
||
| (14 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
1. To legally separate particular assets or liabilities within a company or other organisation. For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity. | 1. | ||
To legally separate particular assets or liabilities within a company or other organisation. | |||
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity. | |||
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure. | |||
2. | |||
The legal barrier created for this purpose. | |||
Sometimes written "ringfence". | Sometimes written "ringfence". | ||
==See also== | |||
* [[Earmarking]] | |||
*[[Glass-Steagall Act]] | |||
* [[Hypothecation]] | |||
* [[Non ring fenced bank]] | |||
* [[Ring fenced bank]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
Latest revision as of 13:52, 20 January 2024
1.
To legally separate particular assets or liabilities within a company or other organisation.
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure.
2.
The legal barrier created for this purpose.
Sometimes written "ringfence".
