Ring fence: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Hypothecation page.) |
(Remove out of date material.) |
||
| (7 intermediate revisions by one other user not shown) | |||
| Line 4: | Line 4: | ||
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity. | 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. | |||
| Line 15: | Line 18: | ||
==See also== | ==See also== | ||
[[ | * [[Earmarking]] | ||
*[[Glass-Steagall Act]] | |||
* [[Hypothecation]] | |||
* [[Non ring fenced bank]] | |||
[ | * [[Ring fenced bank]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[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".
