imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Law - regulation - European Union (EU) - UK.'' | | 1. |
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| In this context, gold-plating refers to the way in which EU member states implement regulatory provisions deriving from the EU level.
| | To legally separate particular assets or liabilities within a company or other organisation. |
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| Gold-plating means adding to the requirements and administrative burdens imposed by the original provision.
| | For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity. |
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| The term often has a negative connotation, implying that the burdens of the gold-plated requirements are likely to be excessive, and disproportionate.
| | 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. |
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| However, at the national level, regulators and others implementing strengthened regulatory regimes are likely to perceive their own changes as improvements.
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| 2. ''Law - regulation - European Union (EU) - UK - Brexit - retained EU law.''
| | The legal barrier created for this purpose. |
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| By extension, similar further requirements in respected of retained - and subsequently amended - EU law.
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| | Sometimes written "ringfence". |
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| :<span style="color:#4B0082">'''''UK gold-plates climate-related risk disclosures'''''</span>
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| :"... it is likely that the UK will seek to maintain equivalence to, if not exceed, EU standards.
| | ==See also== |
| | * [[Earmarking]] |
| | * [[Hypothecation]] |
| | * [[Non ring fenced bank]] |
| | * [[Ring fenced bank]] |
| | * [[US Glass-Steagall]] |
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| :Gold plating in the UK has already started, for instance by the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority.
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| :For those not subject to this supervision, an expectation of the UK’s Green Finance Strategy is that climate-related risk disclosures would be required for listed companies and large asset owners by 2022." | | ===Other links=== |
| | [http://www.treasurers.org/node/9021 Electric shock, The Treasurer, May 2013] |
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| :''Katie Kelly, senior director, market practice and regulatory policy at ICMA - The Treasurer, October 2020, p20''
| | [[Category:Compliance_and_audit]] |
| | | [[Category:Manage_risks]] |
| | | [[Category:Risk_frameworks]] |
| 3. ''Project management.''
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| The addition of features that are not required, nor wanted, by the client.
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| == See also ==
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| * [[Bank of England]]
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| * [[Brexit]]
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| * [[Equivalence]]
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| * [[European Union]]
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| * [[European Union (Withdrawal) Act 2018]]
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| * [[Financial Conduct Authority]]
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| * [[Green Finance Strategy]]
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| * [[International Capital Market Association]] (ICMA)
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| * [[Law]]
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| * [[Project management]]
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| * [[Prudential Regulation Authority]]
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| * [[Regulation]]
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| * [[Retained EU law]]
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| __NOTOC__
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| [[Category:Accounting,_tax_and_regulation]] | |
| [[Category:The_business_context]] | |
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
Other links
Electric shock, The Treasurer, May 2013
