Ring fence: Difference between revisions
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==See also== | ==See also== | ||
* [[Hypothecation]] | * [[Hypothecation]] | ||
* [[US Glass-Steagall]] | |||
Revision as of 15:54, 28 March 2016
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".
See also
